Br. Pavements raises div.
British Pavements (Canterbury), Ltd, has raised its interim dividend from 2.5 c to 3.5 c a share (3.5 per cent) but with the current work outlook it is not expected that the annual dividend rate will exceed the 7c a share paid last year says the chairman (Mr P. D. Paterson; in the half-yearly report to shareholders. ro 2. rOU ?i ? et tradin S profiit WiniwH P er cent t 0 6 , 73 lIJ the six months t 0 February 28 on turnover X 23 4 refleels result Kys dunng that period, The outlook for the winter months ahead is much less favourable with less wrk on hand than last winter. During the period a property has been sold and a capital profit is available to shareholders free of tax. Pre-tax profit rose 13.3 per cent to $381,204 and the profit was after providing $13,761 more for tax at $162,764 but $6232 less for minority interests at $7767. The tax-free dividend is payable on May 29. , '
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Press, 31 May 1978, Page 12
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170Br. Pavements raises div. Press, 31 May 1978, Page 12
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