Norman Ross come-back
(N.Z. Press Assn—Copyright) SYDNEY.
Norman Ross Discounts Ltd, has overcome the problems which severely hit the group in the half'year to June 31, with a $950',093 net profit in the half to December 31. This compares with
; $786,473 in the previous cor- ' responding period, and ’ $61,981 in the last half of * the 1973-74 financial year. ! The interim dividend has j been boosted from 10 per I cent to 15 per cent, suggesting a 30 per cent payment . I for the year, as against 20 .per cent previously. t! The trading results from / Norman Ross and the fellow discounter, Keith Lord Holdt ings, Ltd, contrast sharply s with those from the major Sydney retailers, Waltons, r David Jones and to a lesser > extent, Grace Bros. Profits of Keith Lord - jumped 55 per cent, while Walton’s earnings dived 52.1 ; per cent and David Jones’ 8 by 27.6 per cent. Grace Bros , lifted its earnings 11.5 per cent.
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Bibliographic details
Press, Volume CXV, Issue 33804, 29 March 1975, Page 18
Word Count
158Norman Ross come-back Press, Volume CXV, Issue 33804, 29 March 1975, Page 18
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