I. W. Dow profit doubles
The audited group net profit of Ivon Watkins Dow, Ltd, for the year to December 31 increased more than double, the j directors say in a brief i preliminary announcement. The latest profit was ! $1,689,709 compared with $710,329 the year before; • sales rose 54.4 per cent to . $23.6 mil'ion. The earning ! rate on shareholders’ ' I funds improves from 9.2 I to 18.9 per cent. I The directors are recom- I • mending a final dividend [ . of 4c a 50c share (8 per • i cent) making a total of 7c for the year (14 per cent), i Last year’s total dividend | was 5.5 c a share, or 11... I per cent. Subject to shareholders : rights of election, this I • payment will be a tax-free ; distribution from share ; premium account; it will I be paid on May 4, ex divi- j dend April 14.
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Press, 24 February 1977, Page 18
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146I. W. Dow profit doubles Press, 24 February 1977, Page 18
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