Clyde results disappoint
Clyde Group, Ltd, produced a worse result than expected in the year ended August 1.
The directors announced that the audited group net profit after taxation and minority interests was $119,000. This includes a profit of $17,000 realised on the sale of shares.
Group net profit for the previous year was $549,000. In the latest year, no tax was paid and the company got a credit of $3OOO ($126,000 expense). Depreciation amounted to $212,000 ($137,000) and group turnover was $19,298,000 ($18,017,000).
The directors are maintaining final dividend at seven per cent, making an unchanged 12 per cent for the year.
The final dividend will be paid on December 14. ex dividend November 11.
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Press, 31 October 1981, Page 19
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116Clyde results disappoint Press, 31 October 1981, Page 19
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