Mantliel expect good result
Manthel Holdings, Ltd, the Wellington-based motor vehicle distributor, increased its profit for the six months to September 30 substantially, although costs had also continued their sharp increase.
The directors said in the half-yearly report that the result was mainly because c f the greater volume of vehicles sold during the period. They are confident of a favourable final result for the full year. The interim dividend has been maintained at 7 per cent. This equals 7.9 per cent on the pre-bonus capital prior to the 1 for 8 issue in September of last year, the directors said.
Last year’s final dividend was 7 per cent, making a total of 14 per cent. The interim dividend is payable on February 28, ex February 20.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19740219.2.71
Bibliographic details
Press, Volume CXIV, Issue 33463, 19 February 1974, Page 9
Word Count
127Mantliel expect good result Press, Volume CXIV, Issue 33463, 19 February 1974, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in