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No Rix dividend

17th October 1975, Page 22
17th October 1975
Page 22
Page 22, 17th October 1975 — No Rix dividend
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Which of the following most accurately describes the problem?

NO DIVIDEND is to be paid by Oliver Rix Ltd, the transport operator and motor distributor. This follows a £300,265 loss in the six months ended March 31, 1975. In a statement the company's chairman, Mr John Wakeham, said that the transport division had suffered a setback but action had been taken to return the division to profitability.