Rothmans profit

Press, 29 February 1984, Page 32

Rothmans profit

PA Wellington Rothmans Industries, Ltd, increased profit 16 per cent to $7,574,000 after tax in the six months to the end of December. This compares with a profit of $6,510,000 in the corresponding period in 1982. The company’s tax was $4,502,000, compared with $3,788,000. Extraordinary profits totalled . $1,591,000 (compared with $1,071,000), arising mainly from the disposal of property surplus to the company’s requirements. Rothmans’ chairman, Mr

T. N. Johnston, said the board had declared an interim dividend of 11 per cent (5.5 cents per share) available for tax-free distribution from capital sources to all shareholders other than those who requested payment from taxable revenue sources. The interim dividend would be paid on April 9, he said. An extraordinary general meeting will be held on April 3 when the board would recommend that a bonus issue be made to shareholders of one ordinary share, fully paid up, for

every six ordinary shares held by members on April 3 (fractions disregarded), and that these shares participated fully in the interim dividend. If the members approved the bonus issue, the appropriate bonus shares attaching to the redeemable cumulative specified preference shares would be reserved and allotted on the date of conversion to ordinary shares (June 30, 1987). Mr Johnston said the directors expected to maintain the current rate of dividend on the expanded shares capital.