Sanford 1:3
PA Auckland Sanford, Ltd, which reports a tax-paid profit of $8,796,000, plans a one-for-three bonus share issue. The directors of the Auck-land-based company say they are satisfied with the over-all group performance fbr the August 31 year, but add that problems in the inshore fishery are of increasing concern. They said the increase in the value of the dollar since June posed a threat to the profitability of the company’s export business. Turnover rose 9.4 per cent to $72,641,000. The result includes equity earnings up from a $30,000 loss to a $94,000 profit. Tax was $877,000 higher at $1,271,000, while depreciation was down from $3,114,000 to $2,431,000. A final dividend of 5c a share (10 per cent) will be paid on December 13, ex November 26. This makes total dividends for the year of 10c. Bonus shares will not qualify for the final dividend, but the scheme for bonus shares in lieu of dividend scheme applies.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19851025.2.83.3
Bibliographic details
Press, 25 October 1985, Page 8
Word Count
158Sanford 1:3 Press, 25 October 1985, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.