NEW B. HILL ACCOUNTS
Small Drop In Profit
(N.Z.P.A -Reuter—Copyright) LONDON, March 13. New Broken Hill Consolidated Ltd. today announced a consolidated net profit of £2,971,000 for the year December 31. The accounts, prepared in consolidated form for the first time, show that this figure compares with an adjusted figure of £3,219,000 for the previous year. The net amount available for appropriation for 1966 will be £3,321,000 after adding transitional relief under the Finance Act of 1965. The directors will recommend a final dividend payment of 2s gross per share at the annual general meeting on May 11. The dividend, and the interim dividend of one shilling per share gross (1965 —10 pence, free of tax) paid on January 2, will absorb almost £2.2m leaving £224,000 sterling to be retained in the business. £61,000 was retained in 1965.
If approved, the final dividend will be paid on July 1 to shareholders on the London and Melbourne registers at the close of business on May 15.
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Bibliographic details
Press, Volume CVI, Issue 31319, 15 March 1967, Page 19
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165NEW B. HILL ACCOUNTS Press, Volume CVI, Issue 31319, 15 March 1967, Page 19
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