COMPANY AFFAIRS.
DENTAL AND MEDICAL. DIVIDEND MAINTAINED. A reduction of £429 in the net profit, but a dividend of 5 per cent, the name as last yeai-, are the features of the annual report and account* of the Dental and Medicnl Supply Company for the year ended March 31. "Business (luring the year was quite satisfactory." states the chairman of directors. Mr. J. S. Maearfchur. "Sales and «ro.-<s profit Here better than in the previous year, but working expenses, and particularly taxation, salaries and wages, were higher, more than offsetting this advantage. The result of the year's trading is a net profit of £2927." The einn available for distribution. £+401. includes £1474 brought into the Recount* from the previous j-pnr. After the payment of the dividend '£1511 will be ennic:! forward. Kc-iiUs for the past three years compare as follows: — 1037. 11138. 1930. « . . £ *; I .n.unlit forward .. r>74 lO<>B 1474 Xi't profit 274« 3336 ~ 2»37. 3320 4364 4401 Diviilenil 4 5 .-, Amount 231 L, 28»O 28!»0 Oirritil tcrward .. 1008 1474 1511 The company has a paid capital of £r>7.708, and reserves total £9373. The annual meeting will be held in \\ ellington on May 19. Dr. E. W. Giesen, the retii-ing director, i* nominated for re-election.
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Auckland Star, Volume LXX, Issue 108, 10 May 1939, Page 8
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204COMPANY AFFAIRS. Auckland Star, Volume LXX, Issue 108, 10 May 1939, Page 8
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