GOLDEN BAY PROFIT
4.6 p.c. Fall To $790,789 (N.Z. Press Association) WELLINGTON, Sept. 16. The group net profit of the Golden Bay Cement Company, Ltd, fell $37,726—0r 4.6 per cent—to $790,789 in the year to June 30. The result is unaudited, and reached after providing $43,044 less for depreciation, and $55,600 more for tax at $785,900. A final ordinary dividend of 6 per cent Will be recommended, making an unchanged 11 per cent for the year. It will be payable after the annual meeting on November 4; ex dividend October 21.
After transferring $200,000 to general reserve, unappropriated profits will be increased by $13,218 to $706,921.
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Bibliographic details
Press, Volume CVIII, Issue 31786, 17 September 1968, Page 16
Word Count
106GOLDEN BAY PROFIT Press, Volume CVIII, Issue 31786, 17 September 1968, Page 16
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