M.K. Manufacturers Have Bad Year
(New Zealand Press Association) AUCKLAND. June 21.
In what was described by the directors as a most unsatisfactory year, M.K. Manufacturers, Ltd, Auckland, and its subsidiary incurred a net loss of £35.574 during the year ended December 31. In the previous year the company had earned a net profit of £BlO9, compared with £6595 in 1957.
The directors have decided to pass the dividend for the year under review. In 1958 a dividend of 10 per cent, was paid, absorbing £BOOO. Latest result was reached after provision of £7091 for depreciation, an increase of £1733. No provision was made for taxation, which took £BOl4 the year before.
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Bibliographic details
Press, Volume XCIX, Issue 29238, 23 June 1960, Page 19
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112M.K. Manufacturers Have Bad Year Press, Volume XCIX, Issue 29238, 23 June 1960, Page 19
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