REX CONSOL INTERIM PROFIT UP 8 P.C.
fNew Zealand Press Association)
AUCKLAND, November 6.
Group sales of Rex Consolidated, Ltd, Auckland hardware and garment manufacturer, in the six months to September 30 were higher than those in the corresponding period of last year, directors say in their interim report
Tax-paid profit was about 8 per cent higher, all subsidiaries traded profitably, and the forward order position is “very satisfactory,” says the I report. The management is
actively engaged in consolidating existing export markets. New outlets in the Australian, Pacific and Asian areas are being investigated and prospects are encouraging, the directors say.
The interim dividend is held at 5 per cent. It is payable on November 20, shares becoming ex dividend on November 13.
The total in the last four years has been 11 per cent. Profit in the year to March 31 eased 9.6 per cent to $135,656, earned at the rate of 12.9 per cent on average shareholders* funds and 26.2 per cent on capital. Exports were increased by 31 per cent
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Press, Volume CVIII, Issue 31830, 7 November 1968, Page 15
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174REX CONSOL INTERIM PROFIT UP 8 P.C. Press, Volume CVIII, Issue 31830, 7 November 1968, Page 15
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