J. Burns profit down 16 p.c.
John Burns and Company, Ltd, reports that the unaudited group net profit for the year to June 30 fell 16 per cent to $639,800. The directors recommend a final dividend of 8c a share, making an unchanged total dividend of 12.5 c a share (12J per cent for' the year), which is equivalent to 13.38 c a share on capital before the bonus issue. The final will' be paid 5c ■ from revenue profits and 3c from realised capital profits, making 7.5 c if the total < dividend for the year free of << I tax, ex dividend October 23. H i ! Aeu- B.P. chairman i Mr David Steel has been { appointed chairman of British Petroleum, Ltd, (8.P.). 1 He will replace Sir Eric ! Drake who retires at the end I of November. Under Sir ( Eric’s direction, B.P. moved I into oil production in i Alaska, and the development I of its North Sea Fields.
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Press, Volume CXV, Issue 33962, 1 October 1975, Page 20
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158J. Burns profit down 16 p.c. Press, Volume CXV, Issue 33962, 1 October 1975, Page 20
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