Ubix lift
Übix Copiers (NZ) has announced a trading profit of $4.6 million for the year ended June 30 (S2M the previous year). Extraordinaries of $lOO,OOO (nil) brought the bottom line profit to $4.7M, an increase of 135 per cent. Turnover of $46.9 million was an increase of 39.5 per cent on last year’s $33.6M. A tax credit of $600,000 was written back compared with SI.BM tax paid the previous year. A second interim dividend of 17c a share will be paid. lEP has 93% Industrial Equity (Pacific) has acquired 93 per cent of Florida-based automotive and farm parts manufacturer and distributor, Steego Corp, through its SUS 6 a share tender offer. The offer by lEP, the Hong Kong-based affiliate of Sir Ronald Brierley’s Industrial Equity, Ltd, closed on September 9, lEP said. It said the additional 44 per cent acquired since it launched the offer on August 12 represented an investment of about SUS3O million (SNZ4BM).
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Bibliographic details
Press, 14 September 1988, Page 38
Word Count
157Ubix lift Press, 14 September 1988, Page 38
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