Gear profit $839,115
( Gear Meat Company, Ltd,! increased unaudited group net profit, for the year toOctober 1, $334,560 to $839,115. Shareholders’ funds have been increased by realised capital profits, and a revaluation of some properties amounting to $714,038, to; make a total increase in I shareholders’ funds for the ■ year of $1,553,153. The directors recommend! a final dividend of 5c a| (share, which together with! (the 4c interim dividend, (makes a total of 9c (9 per (cent) for the year. The operating profits fori | the year covers the total I dividend 3.3 times. The final dividend is pay-; able on February 24, and as! , was the case of the interim .(dividend, it will be paid out! (of capital profits, ex diviI dend February 8. Shares issued Broadlands Dominion 1. Group, Ltd, has issued 613,364 ordinary shares. Included are 260,000 shares 1 issued as part-consideration • for the shares in Medical i i Data Processing, Ltd, Tau- ■ ranga. The new shares rank •'equally with the. existing ordinary shares in the company, except that they will i! not participate in the >' interim dividend paid this week.
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Press, 18 December 1976, Page 19
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183Gear profit $839,115 Press, 18 December 1976, Page 19
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