Fountain recovers
Fountain Corporation, Ltd, reports that unaudited figures for the six months to September 30, show a net group profit of $151,000 (including ■ a non-recurring capital profit iof $20,000). No provision for tax is necessary. For the same period of lost I year, net profit was $58,000, including a non-recurring capital profit of $37,000. Turnover, at S4.IM was 2 per cent below budget comi pared with 54.2 M for the first
,)six months last year. This ; confirms the directors’ belief ! that policies streamlining the group and cutting overheads ’ were effective. >j They are confident that if t the present level of consumer r spending is sustained, the trend will carry through to t the end of the financial year. J An interim dividend of 6c ;|a share tax-free will be paid lon December 20. ex dividend ij December 4. Only a 9c a -Ishare dividend was paid last t'year.
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Bibliographic details
Press, 29 November 1978, Page 22
Word Count
150Fountain recovers Press, 29 November 1978, Page 22
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