Record profit for Huttons
PA Wellington The unaudited trading profit of Huttons, Ltd. the meat and smallgoods wholeisaler was SI.3M, a record I rise of 49 per cent for the ■ year to June 30, compared I with the previous corresponding period. A final steady ordinary dividend of 2.75 c a share (5.5 per cent) and a final steady preference dividend of 2c a share (4 per cent) payable on January 28, has been declared. Turnover for the year increased 16.3 per cent to S77M.
The profit was after providing $250,000 more for depreciation at 51.27 M, and $452,551 more for taxation at $987,341. Interest on borrowings was $22,253 less at $554,702. The directors have reported a surplus on revaluation of certain real estate of $1,081,524, (previously nil). The annual meeting will be held on December 9, and the shares will be ex dividend on December 3.
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Press, 15 September 1976, Page 24
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146Record profit for Huttons Press, 15 September 1976, Page 24
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