GORDON AND GOTCH
Dividend Reduced
MELBOURNE, May 13 Gordon and Gotch (Australasia). Ltd., has cut its annual dividend from 20 per cent, to 16 2-3 per cent, for the year to March 31 last. Directors stated that trading results in the second half of the year were “reasonably satisfactory.’’ The final dividend of 5d a share, equal to 8 1-3 per cent., will be paid with the halfyearly 4 per cent, on preferences, on June 23. The final dividend follows a 5d interim paid in December last. In the previous year the company paid an interim of 6d and a final of 6d, making 20 per cent, for the year In their interim report to shareholders last November, directors stated that while turnover for the half-year to September 30 was higher, the ratio of expenses increased. In the year to March 31 1960. profit eased back from £347.251 to £312.327, and the 20 per cent, ordinary and 8 per cent, preference dividends took £267.910. The company operates throughout New Zealand and Australia as publishers, booksellers and wholesale suppliers.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19610516.2.225
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume C, Issue 29514, 16 May 1961, Page 19
Word count
Tapeke kupu
178GORDON AND GOTCH Press, Volume C, Issue 29514, 16 May 1961, Page 19
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in