PROFIT DIP BY NEECO
Dividend Held At 6p.c.
(N:Z. Press Association)
WELLINGTON, June 22.
Tax paid profits of the National Electrical and Engineering Company for the year to March 31 were £74,984 compared with £107,042 the year before.
Directors recommend a dividend of 6 per cent on paid-up capital.
This is the same rate as last year and amounts to £53,821.
Proposed retained profit is £21,163 and reserves have increased by £102,507. This increase is from profit of £74,931 on the sale of land and buildings and premium on shares issued on the acquisition of a further business amounting to £27,576.
Books will be closed from July 20 to August 3; ex dividend July 20.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19660624.2.179.8
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume CVI, Issue 31094, 24 June 1966, Page 14
Word count
Tapeke kupu
115PROFIT DIP BY NEECO Press, Volume CVI, Issue 31094, 24 June 1966, Page 14
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