Record Profit For Manthel
(N.Z. Press Association) WELLINGTON, June 14. Manthel Holdings, Welling-ton-based G.M.-Holden dealer today reported a record profit and recommended a higher dividend for the year to March 31. Group pre-tax profit subject to audit will exceed £230,000, the directors announced. This represents an increase of 22.5 per cent over last year’s figure of £200,744. A final dividend of 6J per cent making 12 per cent for the year, is recommended. Last year the total pay-out was 11 per cent. Business Personal Sir Peter Phipps has been appointed a director of Morrison Printing Inks and Machinery, Auckland-based printers’ supplier and elected chairman.—(P.A.).
Autocrat Final.—Directors of Autocrat Radio, Auckland radio and television maker, have told the New Zealand Stock Exchange that although profit is substantially down on last year It is sufficient to cover 20 per cent dividend for the year. Recommended final dividend is 10 per cent.—(P.A.) ■
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Press, Volume CVI, Issue 31086, 15 June 1966, Page 23
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149Record Profit For Manthel Press, Volume CVI, Issue 31086, 15 June 1966, Page 23
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