McKechnie down 17 p.c.
McKechnie Brothers (NZ) Ltd., reports that unaudited group net profit for the halfyear to January 31 fell 17.4 per cent to $456,000. This was after allowing for no liability for tax ($391,000 previously) and $52,000 attributable to mitt o r i t' y shareholders ($13,000). An unchanged interim I dividend of four per cent (4c a share) is payable on June 1, ex dividend May 8. The dividehd is payable from share premium reserves, and it is therefore tax-free to shareholders who have not elected to receive dividends from revenue sources.
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Press, 12 April 1978, Page 14
Word Count
95McKechnie down 17 p.c. Press, 12 April 1978, Page 14
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