Henry Berry to pay more
Henry Berry, Ltd, earned an unaudited group tax-paid profit of $1,112,645 for the year ending March 31, 11.0 per cent more than the previous year. The provision for income tax of $851,237 compares with $748,853 in 197980. Turnover rose from $36,952,582 to $43,329,969, or 17.3 per cent. Shareholders’ funds have increased from $6,653,917 to $9,083,290 through the conversion of. the convertible debentures, the sale of properties in Rotorua and Dunedin and the revaluation by registered valuers of the remaining properties. The earning rate on aver- 1 age shareholders’ funds was 13.9 per cent, and the asset backing of ordinary shares was 2Hc. The current ratio was 2.83.
The directors propose a final dividend of 6.75 c a share to make a total of 12.5 c, or 25 per cent, for the
year (last year 23 per cent). Shares issued in acquisition of Hylin Holdings, Ltd, do not qualify for the final dividend.
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Press, 29 May 1981, Page 22
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157Henry Berry to pay more Press, 29 May 1981, Page 22
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