Wattie to pay 1.25c more
Wattie Industries Ltd, plans to raise its annual j dividend rate from 15 per [cent to 17.5 per cent (8.75 c j a share) after an 18.4 per ; cent profit improvement in Ithe year to July 31. I The unaudited net trading (profit for the vear rose $2,396,000 to $15,429,000, on [an equity accounting basis,: (after a $3,662,000 rise in tax I provision to $7,759,000. Sales for the vear rose 15.2 per cent to 5227.5 M including exports 16.5 per cent higher at SI9M. The profit represents a re-, jturn of 4,8 c on each $1 of!
, sales, which is slightly bet--1 ter than the previous return : of 4.6 c in each $l. : The increase in turnover ■ required the investment of ian additional 514.2 M in stocks and debtors, fixed ; assets were increased $6.2M, > and investments, mainly in i, associated companies, rose 153.7 M. Total assets rose t 526.1 M to 5227.5 M. In addition to the trading • profit, extraordinary gains ■ of $96,000 were realised. : A final dividend of 10 per cent has been recommended for payment on December i|ls.
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Press, 11 October 1979, Page 29
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185Wattie to pay 1.25c more Press, 11 October 1979, Page 29
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