A. and B. profit exceeds $1m mark
The group net profit of Andrews and Beaven. Ltd. jumped 64.0 per cent to 5i,028,620 in the year to June 30, the directors announced yesterday in a preliminary report. The result was achieved after a 27.0 per cent increase in sales to $26,751,506. The directors recommend an increased final dividend of 6 per cent, making a total of 11 per cent for the jear — compared with 8 per cent last year. The dividend will be paid on November 13, ex dividend November 1. The carry-forward in the appropriation account will be $1,066,977. Trade still continues at a high level, but there are signs of a levelling off because of rapidly tightening liquidity, the directors say.
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Press, Volume CXIV, Issue 33649, 26 September 1974, Page 18
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122A. and B. profit exceeds $1m mark Press, Volume CXIV, Issue 33649, 26 September 1974, Page 18
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