A. Ellis result booms
Arthur Ellis Holdings, Ltd, had an audited net profit for the 12 months to June 30 of $553,241, an increase from the previous year’s $168,228 ($267,228 after remission of a suspensory loan amounting to $99,000). The latest result includes anticipated benefits from
tax incentives. Sales for the year totalled $11,741,000 (the previous year $10,142,000). The directors recommend that a final dividend of 6 cents per ordinary share be paid. Subject to the approval of the High Court, this will be paid from taxfree reserves. The chairman, Mr J. N.
Keegan, said the board was “naturally pleased to recommend payment of the first dividend since 1979. “While the immediate, future is clouded by the impact of the devaluation and the ultimate removal of export performance incentives, the future is contemplated with confidence.”
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Press, 15 August 1984, Page 37
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135A. Ellis result booms Press, 15 August 1984, Page 37
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