Rheem 56 p.c. ahead
PA Auckland Rheem N.Z.. Ltd, increased its unaudited after-tax profit 56 per cent to $514,000 in the November 30 half-year. The result was achieved on sales 9 per cent higher at $11,692,000. Tax took 73 per cent more at $463,000. An extraordinary item reduced earnings by's2o,ooo to $494,000. The directors say the result shows a satisfactory return to the level of previous years, after a lower result in 1981, with all divisions contributing to the improvement. They add that, although the year has started well having regard to the pricewage freeze and the general economic climate, they do not expect results for the second half to match those for the first half. An interim dividend of 3.33 c a share (6.66 per cent), the maximum permitted under the distribution regulations, is payable on February 11, absorbing $156,000. Last year's interim was 3.5 c.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19821218.2.104.2
Bibliographic details
Press, 18 December 1982, Page 20
Word Count
147Rheem 56 p.c. ahead Press, 18 December 1982, Page 20
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in