City Realties steady
The results of City Realties, Ltd, in the six months to December 31 showed no variation from the profit level recorded in the year to June 30, 1975, the directors say in a half-yearly report.
However, because of the expansion in the company’s property holdings as from January, 1976, and the subsequent capital changes which are now complete, the result for the first six months is no longer significant in relation to the company’s present financial situation, they say. It is expected that the profit for the year to June 30 will be sufficient to cover a dividend of 10 per cent, which' was the rate referred to in the prospectus filed for the issue of the $300,000 secured convertible stock. This issue was fully subscribed and is accordingly proceeding to allotment.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19760412.2.183
Bibliographic details
Press, Volume CXVI, Issue 34126, 12 April 1976, Page 22
Word Count
135City Realties steady Press, Volume CXVI, Issue 34126, 12 April 1976, Page 22
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in