News dividend raised for half-year
News Ltd, the Australian and international publishing i group, has increased its interim dividend after increasing net earnings about 32 per cent to sAustlO.6M in the six months to December 31. i The dividend has been increased from 3.75 c to 4c a share.
The group reported a 30.9 per cent rise in sales to $107.1M, but difficult trading conditions, since December 31 would reduce the full year’s result, the directors said.
The company’s associated companies, principally News International, are having severe industrial problems in the United Kingdom, and the final result is also expected to reflect difficult industrial and trading conditions in New York where considerable losses are being incurred. The latest results from the United States have been increased by a substantial taxcredit available under United States tax laws. The directors remain hopeful that the “New York Post,” which was acquired I in late 1976, can be built into a profitable newspaper. I
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Press, 12 April 1978, Page 14
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160News dividend raised for half-year Press, 12 April 1978, Page 14
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