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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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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19730220.2.152

Bibliographic details

Press, Volume CXIII, Issue 33155, 20 February 1973, Page 16

Word Count
170

LLOYDS HAS PROFIT RISE Press, Volume CXIII, Issue 33155, 20 February 1973, Page 16

LLOYDS HAS PROFIT RISE Press, Volume CXIII, Issue 33155, 20 February 1973, Page 16