H. Pollard improved
Henderson and Pollard, Limited, reports improved results for the year to April 30. Group net earnings subject to audit increased to $1,020,000 from $508,907, but the latest figure will be reduced $300,000 to a $720,000 equity accounted profit. Sales rose 26.4 per cent to $17.5M. The taxation provision of $406,000, was substantially increased by the loss of the stock allowance ($127,000 last year) but allowances arising from buoyant export sales of $2.5M (last year SIM) helped reduce tax.
The board recommends a final dividend increase to 91 per cent, 5 per cent tax-free from realised capital profits. The dividend is payable on August 7 ex dividend on July 19.
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Press, 13 June 1979, Page 23
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112H. Pollard improved Press, 13 June 1979, Page 23
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