Good half-year for H.B.
Hallenstein Bros, Ltd, the Dunedin-based retail group, increased sales 31 per cent for the six months to December 31. However, about half of this increase arose from a special selling event in September in connection with the centenary of the company. Lower margins were obtained and expenses increased by 24 per cent. Nevertheless, estimated net profit showed a “satisfactory” increase, the directors say. They are confident that, subject to a continuance of current trade conditions, the predicted dividend rate on ordinary shares of not less than 11 per cent will be paid. The company has declared interim dividends of 3 per cent on preference shares and 5 per cent on ordinary shares. These are unchanged and are payable on February 22, ex dividend February 12.
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Press, Volume CXIV, Issue 33451, 5 February 1974, Page 10
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129Good half-year for H.B. Press, Volume CXIV, Issue 33451, 5 February 1974, Page 10
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