Commercial News
NET PROFITS FALL BIG PASTPRAL COMPANIES ————— FIGURES FOR WAR YEARS The net profits of five ("the big five") Australian pastoral companies (Australian Estates, Australian Mercantile, and Finance, Dalgety and Co., Goldsbrough Mort and Co., and New Zealand Loan and Mercantile Agency) increased from £337.168 in 1935-39 to £670,501 in 1939-40, decreased to £573 459 in 1940-41, and fell further in 1911-12 to £402,944 (2.68 per cent of shareholders' funds). In the following table gross profits for the past three years of the five companies mentioned are compared:— 1939-40 1040-41 1941-42 Gross profits £ £ £ Australian Estate ... 293.763 315,486 275,591 Aust. Mercantile ... 379,459 404,067 412,881 Dalgety and Co. ... 1,109,871 1,162,520 1,253.523 Goldsbrough Mort .. 912,954 972.055 021,269 N.Z. Loan and Merc. 546,149 519,759 520,872 3,242,106 3,374,787 3,384,139 Total taxation of the companies rose from 543S 43 Wi-ft £654 ' 497 in 1940 - 41 ' and The next table compares the net profits of the nvo companies:— Net profits 1840 £ 41 194 £ " 42 gESSJSSS , .:: K S;iSS ! 9 .#? Da gety and Co 147,682 157,915 138 895 Goldsbrough Mort .. 201,365 205,426 102,991 N.Z. Loan and Merc. 109,136 88,959 65^395 670,501 573,489 402,944
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https://paperspast.natlib.govt.nz/newspapers/AS19431025.2.90
Bibliographic details
Auckland Star, Volume LXXIV, Issue 253, 25 October 1943, Page 5
Word Count
185Commercial News Auckland Star, Volume LXXIV, Issue 253, 25 October 1943, Page 5
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