PDL approved
PDL Holdings has Commerce Commission clearance to buy up to 100 per cent of Lasercorp Holdings, the Christchurch based electrical accessories distributor. PDL’s chairman, Sir Robertson Stewart, said in a statement, that the clearance was obtained to keep all options open. PDL intended to maintain its Lasercorp shareholding at about 50 per cent. Somex maiden Somex Corporation, the second board listed investor, has reported a total profit of $138,000 in the six months to June 30. Gross income from investments was $896,000 and pre-tax profit was $776,000. Tax took $373,000, there were no minority interests or equity profits, leaving net trading profit, before extraordinaries, of $403,000. Preliminary expenses and issue costs took $265,000.
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Bibliographic details
Press, 25 September 1987, Page 12
Word Count
115PDL approved Press, 25 September 1987, Page 12
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