Renison in form
NZPA Sydney Renison, Ltd, increased its net earnings 68 per cent to sAustl7.9M in the year to June 30, after sales revenue rose 35 per cent to $49.7M. The 51 per cent-owned subsidiary of Consolidated Goldfields of Australia, Ltd, has raised its dividend rate from 70.2 c a share to 92.5 c a share with the final dividend up from 35.2 c to 50c a share. With last year’s one-for-one scrip issue qualifying for the final payment, the dividend for the year is up 85 per cent from 57.3 M to 813.5 M.
The increase in earnings is a product of both the jump in international tin prices that had its beginnings in the last six months of 197677, and improved production. The company has not disclosed the average price it received for its concentrates during the year, but it is understood to have been around 32 per cent higher than in 1976-77. Renison’s profit for the year was after a virtually steady depreciation charge of $2.9M (S2.BM previously) but taxation was up 58 per cent at 514.3 M.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19780805.2.112.15
Bibliographic details
Press, 5 August 1978, Page 17
Word Count
182Renison in form Press, 5 August 1978, Page 17
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in