Electrocorp has profit, dividend
PA Wellington Electrocorp Holdings, a manufacturer and retailer of electrical lighting, had a maiden interim profit of $225,000 for the six months ended September 30, and a dividend of 1.5 c a share.
The company had a turnover of $11,200,000, on which a profit of
$440,000 was attained. The final earnings figure was after tax of $215,000.
Costly steps were being taken.to rationalise activities in Electrocorp’s retail division and • these would enhance earnings
The interim dividend is payable on February 16. The shares go ex on February 1.
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Press, 25 January 1988, Page 26
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92Electrocorp has profit, dividend Press, 25 January 1988, Page 26
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