Good result by Salmond
PA Wellington The directors of Salmond Industries, Ltd, announced yesterday that the unaudited tax paid profit for the halfyear ended September 30, excluding associated companies, amounted to $795,118, compared with $472,104 in 1980 after provision for tax of $230,316 ($200,968 in 1980). An interim dividend of 8c a share (7c in 1980) has been declared, payable on the issued capital of $2,865,847. The dividend, amounting to $229,268, ($200,609 in 1980)
will be paid on February 5, and the share register will be closed from February 1 to February 5, 1982. The increase in profit is largely attributable to improved returns from export sales, which increased from $1,209,000 to $2,438,000, an increase of 102 per cent, the directors said. Domestic sales, including the contribution by the new subsidiary E. J. Hyams and Son, Ltd, increased 31 per cent, from $11,010,075 to $14,400,123.
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Press, 25 November 1981, Page 26
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145Good result by Salmond Press, 25 November 1981, Page 26
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