Nylex bonus
Diversified manufacturer BTR Nylex says it is experiencing strong demand for all its products, and expects to achieve further profit growth in 1989. Last April it acquired glass and packaging group ACI International, Ltd and earlier reported a 189 per cent increase in 1988 annual profit to $315.83 million (JNZ423.21 million) on sales 123% higher at $3.2 billion. The company, which is 62.5% owned by BTR Pic, also announced a one-for-one bonus stock issue, and a 300% increase in its total dividend payout to sAustl4l.6 million.
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Bibliographic details
Press, 8 March 1989, Page 41
Word Count
88Nylex bonus Press, 8 March 1989, Page 41
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