ZINC CORPORATION
HIGHER PROFITS DISCLOSED Net profit ot the Zinc Corporation. Limited, for the year ended December 31. after providing for higher taxation, was £148.442. against £ 142.575 in 1939. A transfer ol £ 12.000 was made from profits equalisation reserve, and. with £58.437 brought forward, £218.879 Is available. The fixed cumulative preferential dividends (£49.138) and an interim participating dividend of 1 3 a share < £56.171) have been paid. A final participatL-.p dividend of the same amount is recommended, leaving £57.387 to be carried forward. Book value of Investments is £457.285. The Invefr-.ment reserve account showed an increase ot £2178 at £121.963. Fixed assets are shown as £ 1.046.531. and concen'rates and mrtals on hand or in course of realisation. £230.774. General reserves stand at C 636.068. Taxation provision, including national defence contribution and mining rovaltv. totalled £295.337. The balancing total if £2.260,734.
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Bibliographic details
Auckland Star, Volume LXXII, Issue 171, 22 July 1941, Page 3
Word Count
140ZINC CORPORATION Auckland Star, Volume LXXII, Issue 171, 22 July 1941, Page 3
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