TURNBULL AND JONES
Profit Reduced, Dividend Steady (New Zealand Press Association) WELLINGTON, August 12. Consolidated net profit of Turnbull and Jones, Ltd., and subsidiary, for the year to March 31, fell £12,117 to £33,976. Profit is reached after provision of £16,701 (£20,440 last year) for depreciation and £33,279 (£47,652) for taxation. Preference dividend of 5 per cent, takes £5OOO, and the steady 10 per cent, ordinary dividend takes £17,500. A sum of £11,476 (£23,593) is retained in the business. Transfer to general reserve is £7OOO (£25,000) and carry-forward is £33,451 (£28,975). Net profit of the parent company was £29,882 (£45,917). Surplus after payment of dividends is £7382 (£23,417) and carryforward is £42,684 (£42,302). The consolidated balance sheet shows capital at £275,000 (£175,000 ordinary) and reserves £11,492 higher at £291,978.
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Bibliographic details
Press, Volume XCVI, Issue 28354, 13 August 1957, Page 17
Word Count
129TURNBULL AND JONES Press, Volume XCVI, Issue 28354, 13 August 1957, Page 17
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