Schofield down 14.6 per cent
The audited group net profit of Schofield Holding, Ltd, fell $49,886 or 14.6 per cent to $292,496 in the year to March 31, the preliminary report says. The profit was after providing $99,220 less at $153,928 for taxation. No other figures or comments were given. A final dividend of 5c a share is recommended. Of this dividend 2.5 c will be payable tax-free out of capital reserves.
The total dividend for the year remains at 8c a share (8 per cent) except that 2.5 c will be tax free to shareholders.
The final dividend is payable August 4, ex dividend July 15.
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Press, 6 July 1977, Page 24
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107Schofield down 14.6 per cent Press, 6 July 1977, Page 24
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