Invest. group profit
Collingwood Holdings, Ltd, an Auckland investment group, had an unaudited net profit for the year to March 31 of $487,297, 60 per cent higher than the result for the previous year.
The company told the stock exchange yesterday that profit before tax was $843,031 ($503,617 previously), and provision for taxation was $355,734 ($200,588). Turnover dropped to $31,004,963, from $33,222,421 in the previous year. The directors recommend payment on August 7 of a final dividend on ordinary shares of 6 per cent, making a total for the year of 12 per cent (6c per share). The directors also recommend that a one-for-three bonus issue of ordinary shares be made to shareholders as at August 7.
Provided no adverse change in trading conditions occurred the directors considered that the current dividend rate, at 12 per cent, would be maintained on increased capital.
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Press, 13 June 1984, Page 31
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143Invest. group profit Press, 13 June 1984, Page 31
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