Company News GOODYEAR TYRE
Profit FaUs Net profit of the Goodyear Tyre and Rubber Company (Aust.), Ltd., at £520,710 for the year ended December 31 is a further decrease of £189,467, or 26.6 per cent. The previous profit had fallen £197.721 from the peak £907,898 in 1955. Latest result is after tax, £430 360 (down £135,440) and depreciation, £608,156 - (up £122,773). There is no dividend on the United States parentowned ordinary capital for the third successive year. Two ordinary dividends have been paid since 1949 —40 per cent, 'requiring £500,000) in 1953, and 80 per cent. (£1,000.000) in 1954 Latest profit is equal to an earning rate of 39.7 per cent, on ordinary capital of £1,250.000 after allowing preference dividend. The 8 per cent, public preference charge requires £24,000. After £50,000 for long-service leave. and previously overprovided tax written back, , £35,000 carry-forward is £5,061,481 (up £481,710). N.Z. Farmers’ Fertiliser.—Recommended annual dividend is 8 per cent., plus a bonus of 1 per cent ’ (unchanged). Final preference ‘ dividend is 2% per cent. Dividends ’ are payable on August 22, ex July 25.—(P.A.)
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Bibliographic details
Press, Volume XCVII, Issue 28620, 24 June 1958, Page 17
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179Company News GOODYEAR TYRE Press, Volume XCVII, Issue 28620, 24 June 1958, Page 17
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