LLOYDS HAS PROFIT RISE
1 for 1 bonus proposed i (N.Z. Press Association) WELLINGTON, Feb. 19. The group net profit of • Lloyds Bank, Ltd, for the > ’year to December 31, rose by sB.sm or 22.7 per cent to ; $46.0m. The annual dividend rate' has been raised from 16p to 17.5 p a share with a final dividend for the year of 5j9.5173p s j9.5173p a share—less income r tax —to shareholders regis- [ tered on March 2. - A professional revaluation of the bank’s premises Vis virtually complete and the V surplus on revaluation of the freeholds and long leaseholds (over 99 years) is ex-' s ■ pected to be not less than 1 £l2om. 5 The surplus will be added to reserves, and the directors L will recommend to share-1 holders the capitalisation of' ’{reserves of £64,883,008 and ‘ithe issue to shareholders of {f one new share for each share 1 1 held on March 2. New Zealand exchanges i 1 will quote shares ex dividend and ex bonus on February 26.! <
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Press, Volume CXIII, Issue 33155, 20 February 1973, Page 16
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170LLOYDS HAS PROFIT RISE Press, Volume CXIII, Issue 33155, 20 February 1973, Page 16
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