Motor Traders margins fall; sales up
Sales by Motor Traders (N.Z.) Ltd, in the six months to January 31 were buoyant in all divisions of the group compared with last year, but the additional volume did not fully compensate for increased costs.
Adequate relief in prices has yet to be granted under the stabilisation regulations, the directors say. Prospects for an improvement in result for the full
I year are encouraging, providing the current strong der.iand for automotive spare i parts and services continues, land that detailed submis- ; sions in support of a reason- ; able measure of pricing relief, now before the authorities, are favourably received, they say. ■ The payment of a tax-free I final dividend from share i premium reserve is being ■ considered. A steady interim dividend of 3c a share (6 per cent) (will be paid on April 30, ex (dividend April 10.
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Press, Volume CXV, Issue 33814, 10 April 1975, Page 10
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145Motor Traders margins fall; sales up Press, Volume CXV, Issue 33814, 10 April 1975, Page 10
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