“Satisfactory trading”

Press, Volume CXI, Issue 32720, 24 September 1971, Page 15

“Satisfactory trading”

Andrews and Beaven, Ltd, reports that the company traded satisfactorily in the year to June 30. A pre-tax profit of $1,151,233 was earned, which compares favourably with the previous year’s result, the directors say. Last year pre-tax profit of $1,188,554 was earned—including 15 months trading by the General Accessory Company, Ltd. A final dividend of 4 per cent, will be recommended, giving an unchanged 8 per cent for the year. It will be payable on October 28, ex dividend, October. 19.’ Gr. Rental div. and profit up <NX Preu AMoetation) AUCKLAND. Sept 23. Group Rentals, Ltd, the Auckland . based television and radio telephone rental company, increased its unaudited group net profit $8682, or M per cent to a record $109,860 In the; year to June 30, the directors have NMKwfeced in a preliminary .‘The result represents an earning rate of 24.8 per cent A> forecast in the interim report the dividend rate has been raised from 11 to 12 percent In 1968 the company oaid 7 per cent and in 1969 8 per cent plus a 1 per cent bonus dividend. . . The final dividend of 6 De - cent is payable on October 29, shares becoming ex dividend on October 22. BJLP. debenture The Broken Hill Proprietary Company, Ltd, is inquiring from the New Zealand Reserve Bank and the Treasury about the manner in which New Zealand shareholders and debenture bold-' ers can participate in the . company's ssom debenture issue. The information ob- ' talned will be supplied in a letter to shareholders. Lists ■ will open on November 9 and i close not later than Decern- i ber 7. though possibly earlier.