Hallenstein raises dividend
Hallenstein Brothers, Ltd, has reported a. 11.9 per cent increase in group net profit, from $1,406,000 to $1,574,000 in the year ended June 30, after providing $114,000 more for taxation at $1,314,000. Expenses of the trading company rose 20.6 per cent, the directors say in the preliminary report. Sales for the year increased 14.4 per cent, from $26.0M to 829.8 M. The directors will recommend to the annual general meeting on September 26 that a tax-free final dividend of 10c a share be paid, a total of 18a a share for the year (last year 17c a share). The cover for the dividend is. 2.5. ' The recent one-for-five share issue will in terms of the offer qualify for the final dividend of 10c a share.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19800812.2.126
Bibliographic details
Press, 12 August 1980, Page 23
Word Count
128Hallenstein raises dividend Press, 12 August 1980, Page 23
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.