Q. profit 11pc higher
Quill Humphreys, Ltd, (previously Quill Morris, Ltd) reports that the unaudited tax-paid profit of the company and its subsidiaries for the year ended March 31 amounted to $332,042 ($298,856) after providing for taxation of $258,455 ($208,580). This is a rise of 11.1 per cent. The merger between Quill Morris and Fletcher Humphreys and Company, Ltd, took effect from May 1 so that these figures are for Quill Morris only. Group turnover increased 16.1 per cent.
The directors propose making a final dividend of 5c
a share (10 per cent) which when added to the interim dividend of 3.5 c a share (7 per cent) makes an unchanged total of 8.5 c a share (17 per cent) for the year. The dividend will be payable on August 6.
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Press, 28 May 1981, Page 18
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131Q. profit 11pc higher Press, 28 May 1981, Page 18
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