Gen. Finance profit rose $1M
General Finance, Ltd, reports that unaudited group n, profit for the year to October 31, on an equity accounting basis, rose about SIM to $1,488,000. The profit wes after writing off extraordinary items of $514.000 (1975 $814,000) related to overseas borrowing transactions. I Tax-paid profits from trading, including capital ! gains of $185,000 (1975 890,000) were therefore i 52.002.000 (1975 I ($1,291,000). Funds employed in- . creased S2IM to S93M. The board of the company, at some cost to pro- j fits, operates on a con- ) servative policy being I mindful of their first duty ! to ensure the security of the funds entrusted to them, the chairman (Mr A. 11. Armour) says in the preliminary report. The directors recommend a final dividend of 6 per cent making 12 per cent , for the year, which remains unchanged from the previous year.
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Press, 21 December 1976, Page 22
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143Gen. Finance profit rose $1M Press, 21 December 1976, Page 22
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