Big sales increase for B.O.S.

Press, Volume CXIII, Issue 33382, 14 November 1973, Page 20

Big sales increase for B.O.S.

Sales by British Office Supplies (N.Z.), Ltd, for the first half of the current financial year was up 39 per cent says the chairman (Mr E. G. McGee) in the half yearly report.

Although expenses have also risen, they have been ! contained at a reasonable level, and all things being equal, an excellent final result is expected. Difficulties in obtaining reasonable deliveries from suppliers are proving an embar- ■ rassment. “This is the only facet which may impede the continuing upsurge in sales during the final six-month period. However, as we are backed by our own very efficient manufacturing plants, it is not expected that anything (Other than an excellent year (should result,” Mr McGee said. The directors have approved payment of a 6 per cent (6c a share) interim dividend, and a proposed bonus issue, if approved, will participate in this payout which |will be made to shareholders' ion December 7. A tax-free, one-for-five; ■bonus issue, to be made out| jof reserves, is recommended. Sufficient sums will be re-i rained in the reserve accounts, to cover the issue of bonus! shares to noteholders at the; time of conversion of the notes in November, 1976, thej directors say.

The articles are to be altered to provide for a shate option scheme for employees. INDICES I New Zealand.— New Zealand United Corporation, Ltd. daily index base 100. January 21 |<c>7 Nov. 7 .139.54Nov. 8 358 4ii Nov. 9 359.87 Nov. 12 359.717 Nov. 13 359 16 Sydney.— Sy dnev Stock Exchange (July. 1931, June. 1939> Retail Ind. All Ord, Nov. 7 .. 442.40 423 59 486.67 Nov. 8 .. 441.78 423.11 485 <l5 Nov. 9 .. 438.07 422.23 484.85 Nov, 12 .. 436,49 421.46 484.46 Nov. 13 .. 432.08 419 19 480 41 London.— “ Financial limes Indust. Gvt Goin Nov. 6 .. 425.3 64.97 150.4 Nov. 7 .. 422.9 64.79 149 4 Nov. 8 428.8 65.03 147.1 Nov. 9 .. 430.3 65.01 148 0 i Nov. 12 .. 422.9 64.70 151 1 New York.— Dow Jonei. Nov. 6 913.08 176.71 16,430,000 Nov. 7 920.08 180.83 16,570,000 Nov. 8 932.65 186.13 19.650.000 Nov. 9 908.41 Not available Nov. 12 897 65 181.37 19,230,000 Business personal Mr B. Collins has been appointed manager of Matai Industries, Ltd. Westport. Mr Collins obtained a master of science degree at the University of Canterbury and was formerly the South Island manager for Wareham Associates, Ltd.