Good year for Feltex group
Feltex New Zealand, Ltd, increased its group net profit by $1,222,686 to $2,728,171 in the year to June 30; the result included 10 months trading for Reidrubber, Ltd, acquired last year. In their preliminary report, the directors say that the group’s profit was an improvement of 10 per cent on the combined position of the groups in the previous year. They recommend a final ordinary dividend of 7.5 per cent, making an unchanged total of 15 per cent, payable on November 8, ex September 25.
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Bibliographic details
Press, Volume CXI, Issue 32700, 1 September 1971, Page 20
Word Count
90Good year for Feltex group Press, Volume CXI, Issue 32700, 1 September 1971, Page 20
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Acknowledgements
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