ROYDS BROS. AND KIRK YEAR
(New Zealand Press Association) INVERCARGILL, October 21. Net profit of Royds Bros, and Kirk (Southland) Ltd., for the year to July 31 was £6230, compared with £3623 the previous year. This figure was arrived at after provision of £6BlO (£3735 last year) for taxation and £5449 (£6131) for depreciation. Gross profit improved from £49,927 to £55,560. The dividend is steady at 8 per cent, on ordinary shares and five per cent, on preference capital. Carry-forward is £BB7l, compared with £8648 brought in.
Goodwill of £5500 has been written off. and reserves have been consolidated into a general reserve account, which stands at £37,000 Shareholders’ funds have risen £3480 to £85,871 after allowing for the £5500 goodwill written off
Bank of New South Wales. —A final dividend of 9s a share has been declared, ex November 8. This makes the total payment for the year 365. or 9 per cent., unchanged.—(P.A.) Burns, Philp.—An interim dividend of Is a stock unit is payable on November 25, ex November 4.—(P.A.)
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Press, Volume XCVI, Issue 28414, 22 October 1957, Page 17
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172ROYDS BROS. AND KIRK YEAR Press, Volume XCVI, Issue 28414, 22 October 1957, Page 17
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