Rothmans profit rises 35 p.c.

Press, 20 August 1982, Page 20

Rothmans profit rises 35 p.c.

PA Wellington Rothmans Industries, Ltd, profit for the year to June 30 was $11,584,000, a rise of more than $3 million on the previous year, directors announced yesterday. Last year's figure was $8,553,000. Tax provision was $7,549,000 ($5,567,000) and depreciation $2,990,000 ($2,487,000), minority interests $93,000 ($81,000) and equity profits, of $569,000 ($50,000). Non-recurring capital profits of $1,347,000 were earned during the year ($113,000 loss).

Consolidated after-tax profits from trading increased by 35 per cent over the previous year. A final dividend of 11 per cent is recommended (11 per

cent) making a total distribution of 22 per cent for the full trading year (21 per cent). It is proposed that 4c a share from the final dividend (which totals 5.5 c a share) will be available in the form of a tax-free distribution from capital sources. Shareholders are advised that under the companies (limitation of distributions) regulations 1982, the company is limited to a maximum dividend distribution of 22 per cent during the period of the wage/price freeze) The annual general meeting will be held on November 5, and the dividend will i 'be payable on -that day, to ' members registered on Octo- . ber 18. Share transfer books will be closed on that date for dividend determination purposes.