Drop for Impey
The total group net profit of James Hardie Impey, Ltd, the diversified building and hardware group, fell a marginal 0.7 per cent to $8,646,000 in the year to March 31, a company report released to the Stock Exchange Association shows. Included in the result was an extraordinary loss of $284,000 ($185,000 loss previously), and equity profits of $6OOO ($2000). Because the company changed its balance date to March 31 last year, the comparative 1982 figures have been recalculated.
The directors said that all the companies in the group had traded profitably in spite of the lower economic activity. Similar trading was expected in the current financial year. Taxation rose $463,000 to $5,410,000 because of lower export sales. Interest payments rose $43,000 to $791,000. Sales rose 24.6 per cent to $107,253,000. A steady annual dividend of 9.25 c (18.5 per cent) a share is recommended payable on August 27, ex dividend on June 29.
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Press, 28 May 1983, Page 20
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156Drop for Impey Press, 28 May 1983, Page 20
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