Collingwood ahead
Collingwood Holdings, Ltd, Auckland financier and car distributor has doubled profit for the six months to September 30. to $193,436 ($91,320). But after troubled times in recent years the directors are maintaining a steady 5 per cent interim dividend, to be paid tax-free on December 18, even though they expect earnings to be at a similar rate for the rest of the year.
The result was after providing $147,155 ($36,813) taxation and after allowing for minority interests of $16,420 ($14,852). Group turnover for the period was $15,781,737 ($12,693,051).
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Press, 14 November 1981, Page 19
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90Collingwood ahead Press, 14 November 1981, Page 19
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