MSD-Speirs margin down
MSD-Speirs, limited, in-; creased sales to customers; 15 per cent to SB.6M, but audited net profit increased 10.4 per cent to $311,924, after providing $36,140 more Ifor depreciation at $117,752 and $11,020 less for taxation !at $247,516. In line with the previously 'stated policy of the direct-, ors, no equity-accounting has been made for the company's investment In Canterbury Timber Products Limited. An unchanged interim (ordinary dividend of 9c a share. (9 per cent) will be paid on January 14, exdividend December 22.
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Press, 18 December 1976, Page 19
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86MSD-Speirs margin down Press, 18 December 1976, Page 19
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