ICI Aust. profit recovers
NZPA Melbourne ICI Australia, Ltd, has an unaudited net group operating profit of sAust 34.4 million for the six months to March 31, compared with $l.l million in the previous corresponding half. Turnover was $717.32 million, up from $621.75 million. Tax was $34,000 ($3.72 million last year). An extraordinary profit of $9.15 million was recorded ($1.99 million loss).
An interim dividend of 7c will be paid on September 3, with books closing August 3. The interim improvement was from the depressed levels of the 1982-83 first half. The directors said the previous interim result was affected by severance payments and other costs related to plant closures as well as low demand. The latest period benefited from a lower fixed cost structure
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Press, 13 June 1984, Page 32
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125ICI Aust. profit recovers Press, 13 June 1984, Page 32
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