Bonus issue by Lusteroid
The directors of Lusteroid Holdings (N.Z.) Ltd. propose a one-for-three bonus issue, subject to the approval of the Overseas Investment Commission, and the new shares will participate in the recommended final dividend of 10c a share which raises the annual rate from 18c a share to 20c a share (20 per cent). The group net equity accounted profit rose 18.5 per cent to $442,000 in the year to March 31, on turnover 17.7 per cent higher at $4,439,000. Associated companies contributed $57,000 more at $87,000 and extraordinary profits fell from $51,000 toj $27,000. The profit was after providing $56,000 more for. tax at $240,000. The final tax-free dividend is payable on July 31, ex dividend on July 27. The ex bonus date is also July 27.
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Press, 28 May 1979, Page 18
Word Count
130Bonus issue by Lusteroid Press, 28 May 1979, Page 18
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