Wilson Neill trades well

Press, 10 December 1981, Page 22

Wilson Neill trades well

Wilson Neill, Ltd, the diversified Dunedin-based earned an unaudited group net trading profit of $527,000 in the six months to September 30, an increase of 63.2 per cent when compared with the previous corresponding period the directors announced. The result was after providing for minority interests and the share of regained profits of associated companies. The provision rose $155,000 to $262,000. In addition, there were capital profits $168,000 ($51,000 previously) from the sale of assests giving a final

group net profit of $695,000 — an increase of 85.8 per cent. The 1981 results included profits for the full period for the four liquor companies purchased from the Public Service Investment Society in March, 1981, they said. Total turnover (including commission sales of the export division) increased 52.3 per cent to $35.8 million. There was a seasonal aspect to sales with higher turnovers occurring in the second six months and it was anticipated that the improvement experienced in the first half would be maintained for the full year, the directors said.