Record for A.J. White

Press, 15 August 1978, Page 21

Record for A.J. White

A. J. White, Ltd, more than maintained profitability in the second half of the year, in spite of difficult trading conditions. Group net profit rose 34.2 per cent to a record $163,827 in the year to June 30, the directors announced yesterday. The figures are subject to audit. They recommend an increase in the ordinarydividend from 10 to llj

per cent, with a final of 6.5 c a share (6.J per cent). The dividend will be paid on October 20. shares to become ex dividend on October 16. “Both retail and commercial furniture trading continues to prove difficult, and the record taxpaid profit reflects the rationalisation moves in all areas,” the directors say in their brief preliminary report. At the half-year the

company earned 570,377 — an increase of 54.4 per cent. The directors said in the half-yearly report that they considered that the increased profit would be difficult to maintain. The company’s two halves are usually fairly ! even, so the directors’ , measures must have had I the desired effect — profit | in the second half was ! one-third higher again.