O.P.P.
.Otago Press and Products increased its after-tax profit by 33.6 per cent for the six months to September 30. compared with the same period a year ago. and is raising the interim dividend by 1c to 6c a share. Of this 2.5 c will be taxfree. The 5c dividend last year was all tax-free. The unaudited after-tax profit of the group, which publishes the “Otago Daily Times." was $599,798 ($448,802). This included equity profits of associate companies. Turnover increased 20 per cent to $11.3M. The profit was after an increase of $58,820 to $124,330 for interest and dividends received. Taxation increased by $96,506 to $402,209. The share of taxpaid equity profits from associated companies declined by $9619 to $23,743. The directors say that trading during October and November was bouyant and the profit was favourable, but they caution that a continuing increase of profit at the level achieved in the first half may not be realised in the second half.
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Press, 2 December 1981, Page 28
Word Count
161O.P.P. Press, 2 December 1981, Page 28
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