Med. Supplies profit 12.7% higher
The group net profit of Medical Supplies N.Z., Ltd, — subject to audit verification and before taxation — increased 12.7 per ceat to $630,397 in the year to March 31, the directors say in a preliminary report. It was achieved on 26.2 per cent higher sales. This growth pattern is continuing into the current trading year. The preliminary profit includes provision for an exchange loss of $19,967 on a repayment of overseas borrowing, they say. The directors propose to recommend to shareholders an unchanged final dividend of 7.5 per cent, making a total o' 12.5 per cent for the year — payable, as was the interim dividend, from realised capital profits and thus free of tax in shareholders hands. It will be paid on September 24, ex dividend September 15.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19760721.2.126.4
Bibliographic details
Press, 21 July 1976, Page 20
Word Count
132Med. Supplies profit 12.7% higher Press, 21 July 1976, Page 20
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