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C.M.I. Bonus Div. After Profit Lift

(Neto Zealand Press Association) * AUCKLAND, May 24. Consolidated Metal Industries, Ltd., Auckland, lifted pre-tax consolidated profit by about £lB,OOO, or 6.4 per cent, to about £300,000, directors announced in a preliminary statement today.

As in the previous year, a bonus of It per cent will be added to the steady 11 per cent dividend. The final dividend is 5j per cent and the shares issued in the one-for-five premium issue last year qualify for half of this. Directors also announce two take-over moves. Capital Purchased Negotiations have been concluded for the acquisition of the. entire capital of Spackman Engineering Company, Ltd., Wellington production engineer. -The consideration is in shares and cash. Currently, the company is negotiating the acquisition of the ordinary shares of Weston Engineering, Ltd., Napier production engineer.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19670525.2.192.16

Bibliographic details

Press, Volume CVII, Issue 31378, 25 May 1967, Page 17

Word Count
135

C.M.I. Bonus Div. After Profit Lift Press, Volume CVII, Issue 31378, 25 May 1967, Page 17

C.M.I. Bonus Div. After Profit Lift Press, Volume CVII, Issue 31378, 25 May 1967, Page 17