W. Sutherland
W. Sutherland and Company. Ltd. announced an unaudited net profit of $94,095 ($59,773) for the six months ended September 30, including an extraordinary item of $90,500 (nil), and after export tax credits of $15,836 ($3368). The extraordinary item comprises an export loan converted to a grant. No provision has. been included in these accounts for loss of profits insurance receivable after the major fire in April.
The company was fully insured. and insurance claims are in progress. The directors have declared an interim dividend of 5 per cent equivalent to 5c a share payable from share premium reserves. on December 20. Reinstatement of fire damaged buildings is nearing completion, and the company is hopeful that productive capacity will be completely restored early in 1983.
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Press, 3 December 1982, Page 16
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126W. Sutherland Press, 3 December 1982, Page 16
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