J. Edmond profit edges up
John Edmond Holdings, Ltd, the Dunedin-based hardware and timber merchant, increased its unaudited group net profit a marginal 4.2 per cent to $551,000 in the six months to September 30, the directors reported yesterday. Trading for the company’s traditional business was not buoyant, they said. “However, the company is continuing to increase its market share of the trade available, and this trend is expected to continue for the remainder of the year.” The profits of John Edmond Timber, Ltd, now
wholly-owned, and Naseby Timber Company, Ltd, from April 19, were included in the result. Sales rose 20.6 per cent to $18,770,000, and the tax provision increased $16,000 to $449,000. An interim dividend of 7c a share (7 per cent) has been declared, the maximum permitted under the' present dividend freeze. Last year the interim dividend was 8c a share. The dividend is payable on December 8, ex dividend on November 26, and 4.9 c a share of it is tax-free.
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Press, 20 November 1982, Page 19
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165J. Edmond profit edges up Press, 20 November 1982, Page 19
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