COMPANY AFFAIRS.
GOLDSBROUGH, MORT,
NO BONUS THIS YEAR.
A net profit of £209,641 is shown bj tho annual report of Goldsbroupth, Mort and Company, Limited, for the year ended March 31. This is a fall of £128,968 in comparison with the previous year, when a net profit of £338,609 was a record. In 1927-28 the amount was £331,466, and in 1926-27 it was £329,043. With £119,281 brought forward, less 1929 staff bonus, £16,321, there is available for distribution £312,601. The directors recommend a final dividend at the rate of 10 per cent per annum for the half-year on the capital of £2,000,000, excluding the 400,000 new shares which were issued during the year, this making, with the interim dividend, 10 per cent for the year. It has been customary to declare a bonus of 5 per cent with the final dividend, but no provision ■is made for that this year. The directors also recommend that £2500 should be transferred to the provident fund, compared with £5000 last year, when also £20,000 was transferred to the reserve fund, ranking it £1,520,000, and a balance of £13,009 was added to the undivided profits. This year it is proposed to carry forward £110,101.
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Bibliographic details
Auckland Star, Volume LXI, Issue 141, 17 June 1930, Page 4
Word Count
200COMPANY AFFAIRS. Auckland Star, Volume LXI, Issue 141, 17 June 1930, Page 4
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