Extraordinaries aid I. W. Dow profit

Press, 18 February 1983, Page 12

Extraordinaries aid I. W. Dow profit

PA New Plymouth Ivon Watkins-Dow, Ltd. of New Plymouth, yesterday announced an audited tax paid profit of $5,578,000 (70c a share) in the year ended last December. This included a $2,395,000 (30c a share) capital profit. The directors said in a statement they will recommend to the annual general meeting on April 29 that a final dividend of 9.25 c (last

year 8.25 c) be paid on May 2. based on shareholdings at 4 p.m. on April 18. The dividend will be paid from realised capital profits. When added to the interim dividend of 6.5 c it will make a total of 15.75 c for the year (last year 13.75 c plus 20c special). The second half tax paid trading profits increased from $947,000 in the first half to reach $2,236.000. exceeding

the 1981 figure by 10 percent. The directors said this result reflected the expected seasonal improvement mentioned in the report for the six months ended June 30. Sales increased 3.3 per cent to $43.2 million, but profit before tax declined 4.2 per cent to $5.3 million, and trading profit after tax . 3.9 per cent to $3,183,000. Depreciation. at $1,319,000, was marginally lower.