Pavroc pays 6c interim dividend
Pavroc Holdings, Ltd, the; holding company formed by the merger of British Pavements (Canterbury). Ltd. and Road Carpets. Ltd, earned a group net trading profit of $200,245 in its first six months trading, to February 28. The profit is after provid-I ing $191,201 for tax and! $10,051 for minority inter-: ests. As promised when the merger took place higher dividends will be one aim of the new company than that paid by British Pavements, [ The recommended dividend is 6c a share (6 per; cent), compared with Pave-, ments last interim dividend I of 3.5 c a share. The annual rate of British Pavements was 7c a share. The dividend is payable on May 28, ex dividend on May 16. No comparison with the half-yearly figures of British Pavements can be given be- | cause of the merger, and the alteration of the balance I date of Road Carpets.
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Press, 9 May 1979, Page 24
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152Pavroc pays 6c interim dividend Press, 9 May 1979, Page 24
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