Dunlop exports $1.8M
Dunlop New Zealand; Ltd, increased its sales from New Zealand to overseas markets 60 per cent in 1979, reaching a total of $l.B million for the year. Exports included tyres, some of which went for file • first time to Hong I Kong?' I Dunlop butynol mera- ; branes,'OVer $500,000 worth ’ of which were also sold in ’Hong; K'ong. are being inicreasinglythised in the construction industry for roofing, .and for water contain-; ment. .' I
Total sales by the company for the year to December 31 amounted to $72 million, an... increase of 14 per cent-over 1978, but in volume Cerms there was a fall of 2 per cent. The chairman, Mr J. Hammond) in releasing Dunlop New'Zealand’s financial results, said:
i “Profit adjusted for inflation and after tax, dei creased 4 per cent to 151,676,000 (comparable figlure for 1978 was $1,747,000). (Results for the second half-
year were hit by a substantial rise jn material and other cos-fs.” Profit after tax, calculated on historic principles, was $4,607,000, an increase of 32 per cent oyer 1978. This reflects the increase in sales, lower interest charges of $279,000 against $651,000, and lower taxation -(42 per cent of profit agains-t 46 per cent in 1978) but makes no, allowance for inflationary] costs. i
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Press, 26 February 1980, Page 18
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211Dunlop exports $1.8M Press, 26 February 1980, Page 18
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