CLYDE IND. INTERIM
Dividend Cover Inadequate (N.Z. Press Assn.—Copyright) SYDNEY, May 2. Detailed half-year figures from Clyde Industries, Ltd. show that the steady 7i per cent interim ordinary dividend is not quite fully covered by the net profit for the six months to December 31. Consolidated net profit for the latest period was down 257,045 dollars to 539,823 dollars on the previous corresponding result. The interim ordinary payment required 537,484 dollars but there is a prior requirement of 30,000 dollars for dividend on preference shares. The result for the latest half-year excludes a profit of 41,008 dollars on sale of assets, whereas for the previous corresponding period there was a loss of 57,380 dollars. Provisions It was also after tax of 357,781 dollars (down 142,357 dollars), depreciation 393,731 dollars (up 6427 dollars), and outside shareholders’ interests of 51,289 dollars (up 12,163 dollars). In a recent interim report, directors said that sales and profits for the December halfyear had been lower than for the previous corresponding period, but they expected improved results for the current half. Total ordinary dividend has been 15 per cent since 1959.
INDICES
•Peak METALS (N.X. Press Assn.—Copyright)
New York. — Dow Jones: 1966 Rails Indust. Sold Feb. 9 264.82 995.15* 7.240,000 Dec. 28 205.76 788.58 7,160,000 1967 April 27 232.15 894.82 10,250,000 A prill 28 231.91 897.05 11,200,000 May 1 231.89 892.93 9,410,000 London —Financial Times. 1964 Indust. Govt. Gold Oct. 1 .. 377.8* 82.15 56.4 1966 Dec 28 .. 309.5 78.04 53.7 1967 April 27 343.6 81.58 50.1 April 28 .. 344.2 81.51 49.8 May 1 .. 344.1 81.53 49.7 Sydney. —Sydney Stock Exchange (July, 1931 June, 1939, equals 190): 1964 Retail. Ord. Indust. Feb. 27 . 477.60 392.21 395.45 1966 Dec. 28 . 334.98 287.31 372.95 1967 April 28 . 329.80 293.98 381.53 May 2 . 329.99 293.72 381.95
LONDON, May 1. Buyers Sellers a ton a ton Spot £ s. d. £ s. d. Copper Ft’ei 3o8 0 0 359 0 0 Tin .. 1212 0 0 1213 e 0 Lead ... 82 17 6 83 0 0 Zinc 98 12 6 98 15 0
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Bibliographic details
Press, Volume CVI, Issue 31359, 3 May 1967, Page 21
Word Count
339CLYDE IND. INTERIM Press, Volume CVI, Issue 31359, 3 May 1967, Page 21
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