Ballins ahead; new interest acquired
Ballins Industries, Ltd, increased net profit 10.2 per cent to a record $1,028,000 in the six months to September 30. The interim dividend rate is steady at 6.5 per cent (3.25 c a share) but half is payable from tax-free .sources on January 9. Turnover rose 19-2 per cent with assistance of prebudget trading, particularly in wines and spirits. Diversification, and increasing turnover, should result in a satisfactory full year’s profit, the directors say. They have previously advised of their intention to acquire the total shareholding of Tauranga Fruit Processors, Ltd. The approval of the Commerce Commission has now been obtained, and Ballins will issue to the vendor shareholders 488,235 full paid ordinary shares. These shares will rank for the final dividend to be declared for the year to March 31. 1980.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19791205.2.132.3
Bibliographic details
Press, 5 December 1979, Page 28
Word Count
137Ballins ahead; new interest acquired Press, 5 December 1979, Page 28
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in