Lower results for Yates
Arthur Yates and Company, Ltd, results for the six months to May 31 showed a reduction on those for the same period in 1971, the directors say in the halfyearly report.
“However, sales for the six months increased satisfactorily, and there is no reason why future profitability should not be maintained provided present costs can be contained and inflationary trends curbed,” they say.
“As stated at the annual meeting in April, and in accordance with the arrangements made with the Reserve Bank at that time, it is necessary to reduce the interim dividend by the J per cent increase in last year’s final dividend.” This is because of the Government measures taken to limit dividend amounts until March 27, 1973, to that paid during the previous year,” they say. The directors accordingly announce an interim dividend, of 3.5 c a share (3) per cent), payable on August 25, ex dividend August 9.
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Bibliographic details
Press, Volume CXII, Issue 32972, 19 July 1972, Page 24
Word Count
156Lower results for Yates Press, Volume CXII, Issue 32972, 19 July 1972, Page 24
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Acknowledgements
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