MSI profit ahead
The unaudited equityaccounted group net profit of MSI Corporation, Ltd, rose 4.5 per cent to $981,000 in the six months to December 31. The result includes a tax benefit of $619,000 from the trading stock valuation adjustment and the tax provision fell $300,000 to $496,000. The directors say that because of the recent steps by the Government, coupled with the company’s own programmes, trading is improving. This is expected to continue. A steady interim dividend of 3.5 c a share (7 per cent) is payable on April 20. The first 2.5 c a share is tax-free.
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Press, 4 March 1978, Page 18
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99MSI profit ahead Press, 4 March 1978, Page 18
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