Henry Berry had very good year

Press, Volume CXV, Issue 33858, 2 June 1975, Page 10

Henry Berry had very good year

(New Zealand Press Association) AUCKLAND. Henry Berry. Ltd. merchant and catering supplier, had a 31.8 per cent profit increase on sales 16.6 per cent higher in the vear to March 31.

The net trading profit for: the year was a record .$334,045, $80,676 above the I previous year’s figure. Turnover rose from) $10,437,977 to $12,165,494. A final dividend of 8 percent (6 per cent last year) is I recommended making a total i of 14 per cent (14c a share)! for the year. This is equivalent to 16.87 per cent on, capital before the one-for-five bonus issue. The profit on each 100 c of sales rose from 2.4 c to 2.7 c. • In addition to the trading; profit, the company gaineds23,964 from a change in the! basis of valuing manufac-1

: luring stocks throughout the i group, after a ruling of the Inland Revenue Department. Trading conditions i throughout the year were buoyant, and most divisions; ( significantly improved theiri (contribution to profit, the j directors say. ! Gross margins improved

as a result of a variation in ! the sales-mix. Sales of the : machinery divisions, in particular. were buoyant. The earning rate on shareholders’ funds rose to 12.1 (per cent from 11.8 per cent. ; Shareholders' funds were I$ 8 7 0.4 0 9 higher at $3,205,127.