Tax Cuts Into Vibrapac Net
The group net profit of Vibrapac Blocks, Ltd, fell by $37,116 to $95,197 in the year to March 31, the directors said in a preliminary statement.
The result—still subject to audit—represents a fall of 28.1 per cent; it is after providing $16,000 more for depreciation, and $28,500 more for tax.
As earlier announced, a 'final dividend of 7 per cent is recommended, making an unchanged 12 per cent for the year.
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Press, Issue 32333, 26 June 1970, Page 17
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76Tax Cuts Into Vibrapac Net Press, Issue 32333, 26 June 1970, Page 17
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