HANIMEX PROFIT
(N.Z Press Association)
WELLINGTON, Oct. 2.
The unaudited group net profit of the Hanimex Corporation, Ltd, for the year to June 30, doubled to $1,312,403, the directors say in a preliminary report. The profit was struck after providing $302,979 more for tax at $449,540, and $17,331 less for depreciation at $432,173. "•Sales increased 23.8 per cent to $26.8m. All operating subsidiaries improved their performances during the year, overseas subsidiaries contributing substantially higher profits. Australian trading results also improved, but export profitability of local manufacturing operations was affected by increased costs and by changes in world currency parities. A final dividend of 5c an ordinary stock unit is recommended which, with the interim dividend of 5c an ordinary stock unit paid in April, maintains last year’s rate. The final dividend is payable on November 30.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19721003.2.168.6
Bibliographic details
Press, Volume CXII, Issue 33037, 3 October 1972, Page 19
Word Count
136HANIMEX PROFIT Press, Volume CXII, Issue 33037, 3 October 1972, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.