DALGETY, N.Z. LOAN
Interim Div. 5 per cent (N Z. Press Association) WELLINGTON, March 6. Directors of Dalgety and New Zealand Loan, Ltd., at their meeting in London, declared an interim ordinary dividend for the year ending June 30, 1966, of 5 per cent less tax, compared with 4 per cent free of tax last year, says a report received by the company’s New Zealand head office in Wellington. Unaudited group results for the six months ended December 31, 1965, with comparative figures for the corresponding six months of the previous year in parentheses, were:— Turn-over, £144.6m (£lsm); Australian turn-over for the period was £90.9m (£102m): New Zealand turnover, £40.7m (£39m) and United Kingdom £13.1m (£10.1m). Group profit before tax totalled £l.4m (£l.Bm). Both turn-over and profit were affected by lower sales of wool and livestock as a result of the drought in Queensland and New South Wales.
However, present indications are that profits for the half-year ending June 30 will not be so badly affected as those for the half-year to last December 31.
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Press, Volume CV, Issue 31002, 7 March 1966, Page 19
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175DALGETY, N.Z. LOAN Press, Volume CV, Issue 31002, 7 March 1966, Page 19
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