Rheem ahead
The chairman of Rheem New Zealand, Ltd, (Mr J. G. Forsythe) says that the company’s turnover and profits for the four months to September 30 were ahead of last year, although not up to budget targets. “Despite difficulties in market demands in the New Zealand economic climate, it is expected that the dividend will be maintained at the same amount as the last financial year,” he says. Shareholders have approved an increase in capital jy a one for three bonus issue from the capitalised asset revaluation reserve. This is the sixth bonus issue since the company placed shares on the New Zealand market in 1964, and 100 shares subscribed for in the original float would now be represented by a holding of 410 shares.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19771028.2.96
Bibliographic details
Press, 28 October 1977, Page 10
Word Count
126Rheem ahead Press, 28 October 1977, Page 10
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