Worst Trading For 20 Years
(N.Z. Press Association) WELLINGTON, Nov. 28. Recent trading conditions were the worst for 20 years, says the chairman of New Zealand Industrial Gases, Ltd (Mr T. G. Hull) in his annual report. During the coming year some decrease in the turnover of certain lines seems inevitable, he adds. The group net profit for the year to September 30 is $503,300 against $557,600 the previous year. Depreciation takes $329,716 ($289,062) and tax $506,800 ($512,600). Preference dividend of 51 per cent takes $19,800 and the steady ordinary dividend of 10 per cent $200,000. It is covered 2.4 times.
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Press, Volume CVII, Issue 31539, 29 November 1967, Page 20
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101Worst Trading For 20 Years Press, Volume CVII, Issue 31539, 29 November 1967, Page 20
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