A. and B. tax much higher
Andrews and Beaven, Ltd, reports that in the six months to December 31 pretax profit increased 23.7 per cent to $1,181,892 but the estimated tax provision is $535,284 compared with $197,000 and the tax-paid profit fell 14.5 per cent to $646,608.
Sales in the group were up 9.6 per cent to $25.7M. The interim dividend on ordinary shares is unchanged at 5c a share (5 per cent) and will be tax-free in the hands of the shareholders. The dividend is payable on April 20.
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Press, 29 March 1979, Page 22
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90A. and B. tax much higher Press, 29 March 1979, Page 22
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