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NFC's healthy results

26th November 1983
Page 7
Page 7, 26th November 1983 — NFC's healthy results
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PROPERTY INVESTMENT is expected to exceed property sales at the National Freight Consortium this year and next, it said last week when it announced a 2.5p interim divided per rl ordinary share.

Unaudited results for the 48 weeks of trading to September 3 show NFC made a trading profit of £14m, a pre-interest profit of £19.3m, and £8.5m after interest and tax.

These figures take account of £9.9m profits from property sales, continuing a process of disposing of assets no longer required after rationalisation, but NFC expects to invest more money in new property than it will receive in sales this year and next.

The dividend declaration takes the gross dividend, with tax credit, to 3.57p.

The shares have been revalued at E2 each for the next dealing day on December 9, when employees, pensioners and their families will be able to trade in them.

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