G. Bay raises interim div.
(N.Z. Press Association)
WELLINGTON, April 22. The Golden Bay Cement Co. Ltd,’s group profit for the six months to December 31, 1970, was satisfactory, the chairman (Mr D. O. Whyte) says. It includes, for the first time a return from the company’s 50 per cent investment in Wilsons (N.Z.) Portland Cement Ltd, Auckland, which was acquired in 1970.
An interim dividend at the rate of 6 per cent, on paidup capital has been declared for the half-year. This was 5 per cent last year. Mr Whyte said the payment of 6 per cent, did not imply an increase in total dividend which, last year, was 12 per cent. The dividend is payable on May 10, ex April 28.
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Bibliographic details
Press, Volume CXI, Issue 32588, 23 April 1971, Page 16
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123G. Bay raises interim div. Press, Volume CXI, Issue 32588, 23 April 1971, Page 16
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