O.P.P. pays interim
Otago Press and Produce, Ltd, Dunedin, is paying a 5c per share interim dividend, after the net profit rose 2.9 per cent to $448,802, compared with $436,225, in the half-year to September 30. Last year there was no interim dividend as the company was being restructured after the takeover of Allied Press, Ltd, publisher of the "Otago Daily Times.” But there .was a final divider. of 11c (11 per cent). The profit includes equity profits from associate companies and is aft.ec provision for $30,603 more*' taxation at $305,703.
The trading profit of the proup before tax increased by 10.2 per cent from $597,011 to $657,633 on a 5 per cent rise in turnover at $305,703, compared with $275,100. There was a fall of $23,536 in interest and dividends received from outside sources, but the share of tax-paid equity profits from associate companies rose by $6094 to $31,362,. compared with $25,268i‘ The interim dividend will be made from tax-free sources, and is payable on December 16, ex November 27.
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Press, 26 November 1980, Page 26
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171O.P.P. pays interim Press, 26 November 1980, Page 26
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