W’wths margins rise
NZPA Sydney ! Woolworths, Ltd, has in- ) creased sales-revenue 21 per ’ cent to $1237M and net profi' ) 33 per cent to sAust23.sM in . the year to January 26. The annual dividend has: . also been raised from 7.5 c j , to 8.5 c a share, by an in-i ’ crease in the final dividend; from 5c to 6c a share payable! , on March 31. The significant elements in; ' the profit-growth were the , ) high sales-volume and the! ! effective control of operating: expenses, the chairman (Sir Theo Kelly) says. It was also due to the continuing success of the aggres- .
sive “Woolworth lower' prices” trading policy. The increase in sales) indicated a satisfactory! improvement in market-share.! he says. j The net profit on sales was: 11.9 per cent against 1.7 perl (cent last year. I The profit represented an; ■ earning rate of 35.8 per cent; ;on capital increased 10l |563.6M from $52.7M. com-; Ipared with the previous year’s) [rate of 32 per cent. I The group’s provision for: taxation was up from! 513.3 M to $16.3M, but no! depreciation figures were; given. I!
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19770225.2.110.5
Bibliographic details
Press, 25 February 1977, Page 18
Word Count
181W’wths margins rise Press, 25 February 1977, Page 18
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in