N.Z.T.S. more liquid now
AUCKLAND i The liquidity of N.Z.T.S. 'Holdings, Ltd. had improved ’since the March 31 balance idate, the chairman (Mr J. H Plowman) states in the annua! report. At balance date stocks stood at $3.7m against $2.4m a year previously, while bank overdraft had increased from nil to $929,073. '' Mr Plowman says the high overdraft figure was mainly ' because of a sharp rise in 1 stock levels of the manufac- • turing subsidiary. Safety■i master. Since balance date a sub stantial improvement has been effected through the Lrealisation of stocks and . better debtors’ collection In its latest year. N.Z.T.S. ’ lifted earnings 14.3 per cent to 51.178.886. and Mr Plowman predicts another satis factory year for the company. , Financier's reversal Associated Securities, Ltd, the big diversified Australian financier, reported a group inet profit of $2,507,143 for ■the year to June 30, after a i profit of $7,377,762 for the previous year. The final divi- ; dend is 3c a share (6 per [ cent) payable on September 10. making 20 per cent [for the year, against 16 per cent for 1973-74.
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Press, Volume CXV, Issue 33912, 4 August 1975, Page 18
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180N.Z.T.S. more liquid now Press, Volume CXV, Issue 33912, 4 August 1975, Page 18
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