Webster up 60 p.c.
John Webster and Company, Ltd. has announced a 60 per cent profit increase for the six months ended September 30. The company earned a consolidated taxpaid profit of $244,119 ($152,597). An interim dividend increased to 8 per cent (6) will be payable tax-free on February 12. The latest unaudited profit was after providing $72,329 for depreciation ($74,048) and tax of $120,449 ($28,851).
The directors said sales were higher than for the corresponding period last year and ahead of budget. Demand for products, both for export and within New Zealand, was continuing to increase. Forward sales for winter, 1982. were ahead of last year and profit since September 30 was above the corresponding period. It was expected the results for the full year would show an appreciable increase.
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Press, 5 December 1981, Page 19
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131Webster up 60 p.c. Press, 5 December 1981, Page 19
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