Lower profit for Prop. Sec.
(N.Z. Press Association) WELLINGTON. “Profits to date were satisfactory, although at a lower level than at this time last year,” the chairman of Property Securities, Ltd (Mr F. H. Renouf) says. “While the current uncertain economic situation prevailed it was difficult to make any accurate short term forecasts, but the directors were confident the company would produce ani acceptable result for the full year,” he says.
An interim dividend of nine per cent (4.5 c a share)! will be paid on April 23 to shareholders on April 9. The directors expect that a final dividend of not less than nine per cent, making a total of 18 per cent for the year, will be recommender! to the annual meeting in November.
A full interim report will be issued to shareholders with dividend cheques on April 23.
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Bibliographic details
Press, Volume CXV, Issue 33803, 27 March 1975, Page 21
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141Lower profit for Prop. Sec. Press, Volume CXV, Issue 33803, 27 March 1975, Page 21
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