NZTS profit rose 9 p.c.
(N.Z. Press Association). WELLINGTON, July 16. I Group net profit of N.Z.T.S. I Holdings, Ltd, rose by just (under 9 per cent to $713,771, after providing $6llO more -for depreciation at $313,785 land $13,299 less for tax at $599,504. The directors recommend lan unchanged dividend for Ithe year of 16 per cent; the final 10 per cent will be paid on August 10. Total dividend requirement is $349,931, covered twice by earnings. The directors say in the preliminary report that sales for the year established a record level, 4.6 per cent higher than the previous year. A ( strong recovery was made ini the better trading conditions! of the second half year, they say.
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Press, Volume CXIII, Issue 33279, 17 July 1973, Page 10
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118NZTS profit rose 9 p.c. Press, Volume CXIII, Issue 33279, 17 July 1973, Page 10
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