P. Impey booming

Press, 29 April 1981, Page 22

P. Impey booming

$400,000 last year after adding the total payable by an associated company. "This highly satisfactory result indicates a continuation of the improved trading and operating efficiencies reflected in the second half of last financial year, the directors say. An unchanged interim ordinary dividend of 3.75 c a share (7.5 per cent) is declared per share unchanged, of which 1.5 c a share will be paid from taxfree capital profits. It is payable on June 2, ex dividend May 14.

Phillipps and Impey, Ltd, had an excellent half year ended February 28, almost doubling net profit from a 11.7 per cent increase in sales to 519.1 M. The directors announce an audited tax paid profit at $1,069,000 which compares with an unaudited amount of $526,000 (those including associated company’s contribution) for the equivalent six months in 1980 and $1,366,000 for the last full financial year; the taxation provision of $845,000 for the half year compares with a figure of