Taylors has lower net
Substantial non-.recurring capital expenditure has cut the unaudited group net ! profit of Taylors Drycleanling and Laundry' Services, (Ltd, by 21.1 per cent in the ihalf-year to September 30. But the directors have declared a higher interim dividend of 7c per share (7 per cent), an increase of 1 per (cent, including 3c per share* from tax-free sources. ' The profit fell to $44,200 from $56,000 although group, sales rose by 17.4 per cent to $2,1 52,000 from $1,833,000. : The directors say that some of the expenditure is on improving fuel efficiency and the benefits of this will be reflected in the results for the full year. Last year’s profit was $168,195 which was only $5ll more than the previous year. The interim dividend is payable on December 19, ex I
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Press, 27 November 1980, Page 24
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133Taylors has lower net Press, 27 November 1980, Page 24
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