Morrison bonus
PA Wellington An ink manufacturer and graphics arts supplier, Morrison PIM Holdings, Ltd, increased its profit by 9.6 per cent to $2,295,000 for the year to June 30.
Morrison has changed its balance date from March to June so its previous profit, which covered a 15-month period, was $2,092,000. The Auckland-based company has declared a one-for-three bonus issue and a 7.5 c a share, or 15 per cent, dividend payable on October 30. New shares qualify for the final dividend for the year to June and will rank equally with existing shares. The unaudited result puts turnover at $25,132,000 ($23,847,000 over 15 months). The issued capital of the company at balance date was 4,058,622 50c ordinary shares.
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Bibliographic details
Press, 9 August 1985, Page 8
Word Count
119Morrison bonus Press, 9 August 1985, Page 8
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