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MORE CAPITAL FOR VOLVO
2nd March 1962, Page 57
2nd March 1962
Page 57
Page 57, 2nd March 1962
— MORE CAPITAL FOR VOLVO
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THE directors of AB Volvo, of Gothenburg, Sweden's biggest automobile manufacturers, propose to increase their share capital from £7.9 m. to .E.11.8 m. anti raise their dividend from 4s. 2d. to 5s. 2d. per share. The firm's net profit last year was unchanged at £1.32 m.
Volvo sales in 1961 reached a new peak of £78 m., compared with £74 rn. in 1960.