Ashby Bergh profit down
The net trading profit of Ashby Bergh and Company, Ltd, slumped sharply in the latest year, a company report released yesterday shows. The unaudited profit of the Christchurch hardware merchant fell 65.7 per cent to $185347 in the year to July 31, compared with the previous corresponding period. This was before the addition of extraordinary profits of $167,248, which arise partly from the sale of Ashby Bergh’s High Street store last year. The addition of the extra-
ordinary profits gives a total result of $352,995, down 34.8 per cent Sales fell 8.8 per cent to The profit was after providing $287,368 less for tax at $162,438. A recommended final dividend of 16c a share gives a steady annual rate of 24.5 c a share (24.5 per cent). Of the dividend, 9c a share will be tax-free, subject to Inland Revenue Department approval. The payment date is November 30, ex dividend on November 23.
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Press, 24 September 1983, Page 22
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157Ashby Bergh profit down Press, 24 September 1983, Page 22
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