Rheem profit rose $4000
PA Wellington The unaudited group net profit of Rheem New Zealand. Ltd. rose $4OOO to $283,000 in the six months to November 30.
The half-yearly result in 1975 included $58,000 relati ing to an inventory adjust ment at May 31. 1975. and [this reduced comparative 'result to $221,000. I Sales rose 29.7 per cent Ito $5,648,000. The directors consider that the sales and profit for the full year to May 31, will be ahead of last year.
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Press, 30 December 1976, Page 8
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81Rheem profit rose $4000 Press, 30 December 1976, Page 8
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