I.N.L. down 30 p.c.
The unaudited group net profit of Independent Newspapers, Ltd, fell 30 per cent to $1,374,617 in the year to March 31, the directors say in a preliminary report. Group turnover rose 12.9 per cent, but the directors say the increase was attributable to price rises and not a greater, volume of business.
The profit was after providing $1,031,452 less for tax at $555,759, but $149,118 more for depreciation at $1,252,983. The stock valuation tax relief amounted to $98,533. A recommended tax-free final dividend of 8c a share makes a steady 13c a share for the year, payable on August 9.
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Bibliographic details
Press, 15 June 1978, Page 14
Word Count
104I.N.L. down 30 p.c. Press, 15 June 1978, Page 14
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