DRG still improving
PA Auckland DRG (New Zealand), Ltd, had maintained the improved profit performance it achieved in the last half of 1983, the company’s chairman, Sir John Marshall, said yesterday. Sir John told the annual meeting there was no
reason to believe that the trend would not continue for the rest of the year to next December 31. Order books were fuller and, with the easing of the price freeze, the company would have the opportunity to recover costs, he said. However, Sir John said a highly competitive market
would limit price increases. Plant and computer upgrading would continue. Company financial stability was “very sound,” he said.
Shareholders owned 71 per cent of the assets, against an average for public companies of less than 50 per cent.
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Press, 14 April 1984, Page 23
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128DRG still improving Press, 14 April 1984, Page 23
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