Andas increases profit 39 p.c.
Andas Group. Ltd, the Wellington-based office supplies and equipment com 7 pany, increased audited net profit 38.77 per cent to $450,713 in the latest June 30 year, compared with $324,770 last year. Trading profit before -tax was $821,906 ($866,631) and tax required $371,193 ($384,242). There are no extra-
ordinarv items this year (last year $157,619). Group sales were ahead 23 per cent. Depreciation written off was $852,332 ($760,570). An interim dividend of 7.5 per cent was declared and paid in May and the directors now recommend a final payout of 9.5 per cent (unchanged) making 17 per cent for the year (15 per cent last
A final 4 per cent dividend on cumulative pref shares makes 6.5 per cent for the year.
An annual dividend of 12 per cent is payable on the specified pref shares. The share register closes November 17-26.
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Press, 27 September 1982, Page 26
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147Andas increases profit 39 p.c. Press, 27 September 1982, Page 26
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