WELLINGTON WOOL PROFIT
(New Zealand Prers Association) WELLINGTON. September 16. The Wellington Woollen Manufacturing Company. Ltd., recorded a net profit of £27.303 for the year to July 19. compared with £19.763 the previous year to June 30. Profit was reached after provision of £27.400 (£20.100) for tax and £22,864 (£28.299) for depreciation. ,
Dividends of 7| per cent, on ordinary 5 per cent, and 2J per cent, bonus on “A” preference stock and 61 per cent, on “B“ preference stock take £25,750.
The balance carried forward is £77,386 (£75,767). The balance-sheet shows shareholders’ funds at £750,714 (£742,684). Total current liabilities are £208.402 (£344,945) and current assets £770.221 (£894.643).
Trading profit was £141.823 (£130.177) and administration costs £54,416 (£52.469).
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Bibliographic details
Press, Volume XCVIII, Issue 29002, 17 September 1959, Page 21
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117WELLINGTON WOOL PROFIT Press, Volume XCVIII, Issue 29002, 17 September 1959, Page 21
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