Hawkins profit up 14 p.c.
The group net equity profit of Hawkins Holdtags, Ltd, rose 14.1 per cent to $631,563 in the year to March 31, the directors say in a preliminary report. Last year’s profit of $553,309 was adjusted for the loss on maturity of a Euro-dollar loan sustained in 1976.
The profit was after providing $48,231 more for tax at $483,975, and after an adjustment of $729 for minority interests. There was a stock valuation adjustment of $58,502. A recommended final dividend of 4.5 c a share raises the annual rate from 8.5 c a share to 9c a share, after the interim dividend was increased from 4c to 4.5 c a share.
The dividend is payable on August 2, ex dividend on July 24. Mr I. G. Clark, who has served as a director of Hawkins for 27 years, has resigned from the board. He has been deputy-chair-man since 1963.
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Press, 24 June 1978, Page 18
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153Hawkins profit up 14 p.c. Press, 24 June 1978, Page 18
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