Deanes profit 76% higher
The tax-paid profit of Deanes Industries, Ltd, rose 76.4 per cent to $618,256 in the six months to July 31. the directors say in the half yearly report. Tax was $74,581 more at $355,593, and profit before tax rose 54.2 per cent to $973,849. •‘The apparent discrepancy between the pretax figure and the tax provision is because of the operation of export tax incentives. the directors say.
“A strong profit recovery from a low point by one subsidiary made a substantial contribution to the profit improvement, and assisted the group to move towards earlier levels of profitability. "Ciroup sales increased 32.2 per cent over the prev i o u s corresponding period. An interim ordinary dividend of 7c a share has been declared, compared with 6e last year. It will be paid on October 19, ex dividend October 17.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19771004.2.193
Bibliographic details
Press, 4 October 1977, Page 46
Word Count
143Deanes profit 76% higher Press, 4 October 1977, Page 46
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.