Recovery by A. and B.
Andrews and Beaven, Ltd, made a good profit recovery in the six months ended De-: cember 31, unaudited net profit rose 34.6 per cent to $870,099, the directors announced yesterday in a brief report. Pre-tax profit rose 18 per cent to $1,394,400, and the estimated tax provision is $524,301, compared with $535,284 for the same period last year. Turnover rose 15.7 per cent to $29.7 million. For the first two months of the current trading period, sales are at a comparable level with the previous year. However, order books are at a satisfactory level and while future trading conditions are uncertain, it is anticipated that turnover and profitability will be maintained for the remainder of the financial year. The interim dividend on ordinary shares is increased to 6 per cent (5 per cent last year) tax-free, dividend payable on April 24, ex dividend April 9.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19800327.2.115.9
Bibliographic details
Press, 27 March 1980, Page 25
Word Count
150Recovery by A. and B. Press, 27 March 1980, Page 25
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