DUNLOP OF AUST.
Record Year Foreseen
(N.Z. Press Assn.—Copyright) SYDNEY, Feb. 5.
Displaying every indication of another record year, Dunlop Australia, Ltd, boosted group net profit over 43 per cent in the December halfyear and; raised interim dividend from 4 to 4j per cent. Profit soared sl.lm to $3.67m, after higher tax and depreciation. Last year group profit rose from $3.4m to ssm.
Of the latest profit, tax took $2.43m (previous $1.71m) and depreciation $1.94m ($1.78m). Before deducting outside shareholders’ interests group net profit totalled $3.79m against $2.65m. On an annual basis, the halfyearly profit represents 18.2 per cent on paid capital of $39.3m. Last year’s record profit of $5.05m represented 12.4 per cent.
After the record 1966-67 year, dividend was increased from 8 to 8J per cent. Interim was unchanged, but the final dividend was lifted from 4 per cent to 4} per cent. The latest interim is pay able on April 1 to shareholders registered on March 1, ex dividend February 28.
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Bibliographic details
Press, Volume CVIII, Issue 31596, 6 February 1968, Page 17
Word Count
164DUNLOP OF AUST. Press, Volume CVIII, Issue 31596, 6 February 1968, Page 17
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