HADFIELDS STEEL
Though the debit balance of the parent company has been eliminated by the profit for the year ended June 30, Hadfields Steel Works, Ltd., Is not paying a dividend. There is now a credit balance of £9531, the .first for six years, but the directors state they will continue to consolidate the company's position to enable post-war needs to be met. Consolidated profit of the company and its subsidiaiy at £14.022 compares with £12,259 for 1942-43. after allowing £5737 for depreciation, against £2872 last year. The parent company earned £13,720 of the profit, against £10,181 last year, and wipes out the debit balance of £4189. The subsidiary's profit is £302, against £2078.
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Auckland Star, Volume LXXV, Issue 262, 4 November 1944, Page 3
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114HADFIELDS STEEL Auckland Star, Volume LXXV, Issue 262, 4 November 1944, Page 3
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