B.O.S. profit down 21p.c.
The group net trading profit of British Office Supplies, Ltd, fell 21.7 per cent to $196,062 in the year to March 31, the directors say in a preliminary report.
The result reflects the increased competition, reduced margins, increased costs and loss of production because of the printers’ strike in March, they say. The current year has begun on a better note, with sales in the first three months to June 30 being more than 30 per cent ahead
of the corresponding period last year. The profit was achieved on trading revenue up from S3M to $3.3M, and was after providing $1592 more for depreciation, at $56,669 but $lB,OOl less for tax at $173,472. A recommended final dividend of 5c a share makes a steady annual rate of 8c a share (16 per cent). The dividend is payable on August 30, ex dividend on August 8.
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Press, 12 July 1979, Page 18
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149B.O.S. profit down 21p.c. Press, 12 July 1979, Page 18
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