Industrial equity confident
Industrial Equity, Ltd, the Australian subsidiary of Brierley Investments, Ltd, reports that for the six months to December 31 the company and its subsidiaries operated successfully.
As a result of continuing rapid expansion there have again been material changes in the size and structure of the group, and these changes
preclude valid statistical comparisons with all or part of any previous accounting period, the directors say in the half-yearly report. Based on present indications it is expected that net profit for the full year will substantially exceed the $670,514 which was earned in the last full year. In past years the company has not paid interim dividends, but in the current circumstances the board has decided to make an interim payment of 7J per cent, being 7.5 c a share. “Subject to unforeseen circumstances it is expected that the final dividend will be not less than 7J per cent. For the 1971 year there was no interim dividend, and a 12J per cent final dividend was paid. The interim dividend will be paid on April 28; on dividend April 17.
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Bibliographic details
Press, Volume CXII, Issue 32879, 30 March 1972, Page 15
Word Count
183Industrial equity confident Press, Volume CXII, Issue 32879, 30 March 1972, Page 15
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