COMPANY AFFAIRS
McKENZIE'S STORES, LTD. DIVIDEND RATE REDUCED (P.A.) WELLINGTON, this day. The directors of Mi-Kenzies Department Stores, LimilC'l, recommend a final dividend of 5 per cvnt, making 10 per cent for the year, compared with 14 per cent for the preceding twelve months. Profits carried forward from 1!)-I0 totalled £116.070, letw ±135,000 dividend paid in June and £ 17.73S additional taxes i=inio paid in retip-ecfc of the year ended March 31, 1940, leaving a balance of £03,332. Profits for the v.'ar ended March HI, 1!M1. totalled £ SO. 052, less £'25.304 dividends paid in December and pin* £505 excess of meipU over expenses in the ]irotit and loss account, leaving available £64.253. The final dividend will require £25,000, leaving the total to be cai-ried forward £102,.584. The net profit of £89,052, compares with £87,589 last year, when a total of £107.430 was brought forward and £81,070 carried forward. Profits and dividends during the past five years have been as follow: — Dividends. Profits, n.c. £ 1937 ni/ 2 80,006 1938 18 85.352 1939 14 81.863 1940 14 87.589 1941 10 89.052 ( WHOLESALE MARKETS
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Bibliographic details
Auckland Star, Volume LXXII, Issue 111, 13 May 1941, Page 4
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180COMPANY AFFAIRS Auckland Star, Volume LXXII, Issue 111, 13 May 1941, Page 4
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