DB seeks better return
PA Wellington Results of the 1984-85 year were encouraging to Dominion Breweries in its efforts to improve on average shareholders’ funds, according to the managing director, Mr Jim Fletcher. In the company’s annual report he says the return on average shareholders’ funds
has risen from 7.8 per cent to 9.6 per cent. The company still had much to do before acceptable earnings levels were achieved, but efforts concentrated over recent years on improving profitability for the long term had reduced it in the short term. “But we have built a
strong base for the future.” DB had benefited from the explosion of short term interest rates on March 1. “We were in a highly liquid state with in excess of $2O million available to invest in the short term money market as a result of the sale of shares in the Mount Cook Group.”
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Press, 9 August 1985, Page 8
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148DB seeks better return Press, 9 August 1985, Page 8
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