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BNZ Fin. buoyant

BNZ Finance — in which the State-owned Bank of New Zealand has a majorityshare — earned a net profit of $1,758,000 in the six months to the end of September, 72 per cent higher than the interim figure last year, the chairman (Sir George Chapman) said in a statement yesterday.

Tax for the six months was $20,060,000 ($937,000). Total shareholders’ funds after the issue were at SIB.BM, and assets were $294M.

An unchanged interim dividend of 4.25 c a share taxfree will be paid, Sir George said. Shares arising from the most recent cash issue do not qualify, but will for future dividends.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19821027.2.167.17

Bibliographic details

Press, 27 October 1982, Page 32

Word Count
104

BNZ Fin. buoyant Press, 27 October 1982, Page 32

BNZ Fin. buoyant Press, 27 October 1982, Page 32