Ebbett ahead; 6c interim
Ebbett Waikato Group, Ltd. increased unaudited net profit 60 per cent to $101,38! in the six months to January 1979. This is after providing for taxation $82,947. Last year the 5 per cent stock adjustment offset the need for a tax provision. An interim dividend of 6 per cent (6c a share) is payable on May 25, ex dividend May 16. This will be ex the share premium reserve account, and will be tax-free in the hands of the shareholders. The previous interim dividend was 4.5 c a share, and
i the annual rate 12c a share. "The favourable accept, (ance by the public of the (new range of Genera) (Motors cars, together with a (continuing demand for the ; very comprehensive range of 1 commercial vehicles hag (materially influenced the re» (suits achieved. j “In spite of the current I world and national economic | factors relating to fuel supplies, the board is confident that the present level of profitability will be maintained for the second half of the current financial year,” the report says.
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Press, 27 March 1979, Page 18
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178Ebbett ahead; 6c interim Press, 27 March 1979, Page 18
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