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Deanes

The group tax-paid profit of Deanes Industries, Ltd, fell 38.4 per cent to $510,000 in the year ended February 28, the directors announced yesterday. No tax provision was necessary; the result is after deducting extraordinary items of $145,000, compared with $152,000 the year before. The directors recommend a final ordinary dividend of 5c a share, making an unchanged total of 10c a share. The dividend will be paid after the annual general meeting on June 30.

The directors said that the reported profit is the consolidated result of all subsidiary companies.

Minority interests consist of 740,000 100 c non-cumula-tive 6 per cent redeemable preference shares in a subsidiary company, which do not participate in the profit.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19820604.2.93.3

Bibliographic details

Press, 4 June 1982, Page 19

Word Count
117

Deanes Press, 4 June 1982, Page 19

Deanes Press, 4 June 1982, Page 19