Company News HEARDS’ PROFIT DOWN
£21,330 Earned Last Year (New Zealand Press Association) AUCKLAND, May 13: Net profits of Heards, Ltd., Auckland, confectionery manufacturers. was £21,330 for the year to March 31. In the previous year it was a record £26.204. The result is after tax provision of £21,416 (£28,562 last year) and depreciation provision
of £12.252 (£12.897). Dividend has been maintained at 10 per cent., to which it was increased from 9 per cent, last year. It takes an unchanged £15,600. There is no transfer to general reserve this year (£5857 last year) and carry-forward is increased from £29,585 to £35,315. Gross trading profit fell from £157,319 to £154.661. Other receipts fell from £3201 to £2026. Selling and distribution costs increased from £64.312 to £72,103. The balance sheet shows an increase in bank overdraft from £22,443 to £30,628. Value of stocks has increased from £91,237 to £103.732. Debtors have been reduced from £51,816 to £44,565.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19590514.2.190
Bibliographic details
Press, Volume XCVIII, Issue 28894, 14 May 1959, Page 19
Word Count
156Company News HEARDS’ PROFIT DOWN Press, Volume XCVIII, Issue 28894, 14 May 1959, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in