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Rover Pays More From Sharply Higher Profits
25 October 1960
COMPANY NEWS
Rover, the automobile manufacturers, have had a sharply better year and are raising the dividend to 9.5d. a 5s. share, from the equivalent of 8.1d. a share, after adjustment for a 100 per cent scrip issue. Group profit has risen to £2,764,973, from £1,902,046, after depreciaion of £1,150,864 (£636,011). Tax requires £1,589,404 (£905,209).
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