D. HENRY PROFIT

Press, Volume CIX, Issue 31987, 14 May 1969, Page 21

D. HENRY PROFIT

Fall Of 17.0 Per Cent

The audited net profit of D. Henry and Company, Ltd, for the year to February 28 fell $Bl94 —or 17 per cent—to $40,063, the directors reported. The tax provision for the year at $37,243 compares with $45,536 last year. An unchanged dividend of 15 per cent will be recommended on ordinary shares and the bonus shares issued in 1967 will now fully participate in this dividend. The dividend on preference shares will be at the normal rate.

The total appropriation for dividends is $32,400 which leaves a balance of $7663 to be added to the appropriation account for the year.

All shares will become ex dividend on June 23. This is the third successive profit decline for the Auckland electrical equipment manufacturer, which earned a record profit of $57,148 in 1966.

Hydrocarbons In Flounder 3 (N.Z. Press Assn.—Copyright) MELBOURNE, May 13. Esso and Hematite Petroleum, Pty, Ltd, announced that Ocean Digger at Flounder No. 3 well had recovered hydrocarbons from two wireline tests of thin sands at depths of 8399 and 8415 feet. A detailed evaluation of results from the three Flounder wells was now being made, the company said.