Fletcher net trimmed
N.Z. Press Association)
WELLINGTON, July 3.
The group net profit of Fletcher Holdings, Ltd, for the year to March 31, fell $25,207 or 6.8 per cent to $3,737,922, the directors say in a preliminary report. Expenses of $24,049, incurred in the one-for-eight premium issue, were charged against the profit for the year. A first ordinary dividend of 6c a share, 6 per cent, will be paid on August 4, ex dividend July 14, making an unchanged 11 per cent for the year.
Net earnings a share fell from 19.4 c to 18.5 c.
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Bibliographic details
Press, Volume CXII, Issue 32959, 4 July 1972, Page 18
Word Count
96Fletcher net trimmed Press, Volume CXII, Issue 32959, 4 July 1972, Page 18
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