Leyland ahead
Leyland Investments, Ltd’s unaudited results for the March 31 half-year rose 26.1 per cent to $48,823 compared with $38,706. Tax took $306 ($302). The directors recommend an interim dividend for the year of 5c a share, payable on May 31 tax-free from realised capital profits. This is equivalent to 10 per cent on capital and compares with last year’s interim of 3.5 c a share or 7 per cent on capital. This increase in the inter-
5 im dividend will bring it s level with last year’s final I dividend but the directors - would advise that it is not t expected that the final dividend of 5c a share will be I increased this year. : After provision for the • dividend, and assessed on • the market value of the : portfolio, the asset, backing t per Leyland unit at March 1 31, 1980, was $1.57. eom- ■ pared with $1.48 at September 30, 1979, and $1.39 at March 31. 1979.
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Press, 7 May 1980, Page 22
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159Leyland ahead Press, 7 May 1980, Page 22
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