Welgas to pay 15 per cent
The audited group net profit of Welgas Holdings, Ltd, for the 15 months March 31 was $432,743, the directors say in a brief preliminary report. Group . i turnover was $8,344,484, and the provision for taxation was $196,501. The comparable figures for the Wellington Gas Company, Ltd, (now .a . whollyowned subsidiary. of .Welgas Holdings) ' and its* subsidiaries for the 12 months ended December 31, 1978, were: audited group net profit $425,403, group turnover $5,589,779, and provision for taxation $281,196. ( . The directors will: recommend a final tax-free dividend of 5c a share (5 per cent) making a total of 15 per cent for the 15 months. It will be paid on June 18, ex May 28.
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Press, 9 June 1980, Page 26
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120Welgas to pay 15 per cent Press, 9 June 1980, Page 26
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