Radio Otago in profit
PA Wellington Radio Otago, Ltd, yesterday reported a total froup net profit of 1,050,000 in the 16 months to March 31, and announced a one-for-two cash issue to be followed by a one-for-five bonus issue. The result includes an extraordinary profit of $602,000 (nil previously), and the company earned $238,000 in the previous
12 months. Revenue increased from $2,275,000 for the previous year to $3,959,000, and tax took $227,000 more at $416,000. A final dividend of 5c a ■* share, payable on July 14, gives 13c a share (52 per cent) for the 16 months compared with 6c a share last year. The cash issue of ordinary shares will be. at a premium of 125 c, making the total amount payable
150 c a share. The shares from the issue will be entitled to the interim dividend for the six months to September 30., The application date is June 29 with books closing on May 29. The bonus issue will also be entitled to the interim dividend for September 30. The issued capital of the company at March 31 was 1,177,325 25c ordinary shares.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19870513.2.182.10
Bibliographic details
Press, 13 May 1987, Page 42
Word Count
187Radio Otago in profit Press, 13 May 1987, Page 42
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.
Log in