Good year for East Gas
East Coast Gas Supply, Ltd, has reported a profit of $1,099,496 (a loss of $52,363 last year). The profit was reached after providing $641,357 for depreciation ($466,530) and $750,000 (nil) for deferred taxation.
The directors report that the results for the previous year include only six months of natural gas trading. They recommend the payment of a final dividend of 6 per cent (3c a share) to be paid from tax-exempt sources. No dividend was declared in 1984.
The dividend will be paid on July 22 to shareholders on the register on July 10. This makes a total dividend for the year of 10 per cent (5c a share). The directors report that sales of natural gas continue to exceed expectations.
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Bibliographic details
Press, 24 May 1985, Page 10
Word Count
126Good year for East Gas Press, 24 May 1985, Page 10
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