Dental, Medical Profit Rise
Dental and Medical Supply Company, Ltd, had a substantial increase in pretax profit in the year to June 30, the directors announced in a preliminary statement.
The pre-tax profit, subject to audit, rose to about $125,000, an increase of about 30 per cent The dividend returns to 12.5 per cent, with a recommended final of 7.5 per cent Last year 11 per cent was paid, and the rate has been 12.5 per cent since 1964, when it was reduced from 15 per cent. Last year net profit fell by 25.4 per cent, from $65,209 to $48,644. The 1966 result was $65,012. The directors attributed the 1968 profit fall largely to the effects of devaluation, and to a conservative valuation of stocks.
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Bibliographic details
Press, Volume CIX, Issue 32053, 30 July 1969, Page 21
Word Count
125Dental, Medical Profit Rise Press, Volume CIX, Issue 32053, 30 July 1969, Page 21
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