Tulwest in black
PA Wellington I ■ I : : : ’: | [ I Ti Iwest Corporation yester T ! day reported a total profit !of $1,496,000 in the year {to Dec :mber 31, compared with ri liss of : $900,0001 in the ious 11 months. I : I [ I > I I | Tu; directors: said; that after the sale ;6f the compan ys footwearj business (the pre -’ibus period relates To whi n the 1 company i was known as : the Selby I Shoe Conirtany) the main activities
were in; [health care, automotive parts, and machinery. Turnover almost trebled froin $9.9 million to $27.5M arid the pre-tax profit | was $1,670,000 {,(5674,000 loss). Tax took $182,000' more |at $260,000 and; minority interests $83,000 more iat $102,000., | !||' [ 'll Equity losses were $332,000 (nil) and there were no extraordinaries ($285,000. loss); A recommended dividend of 0.4 c a share 1 (4 per cent) is payable on May 9. |'[
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Press, 23 March 1988, Page 35
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146Tulwest in black Press, 23 March 1988, Page 35
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