G. J. Coles Profit At Record Level
(N.Z. Press Association—Copyright) MELBOURNE, July 20. Consolidated net profit of G. J. Coles and Company, Ltd., chain stores, for the year to June 25 was at a record of £2,062,000, comparing with £1,824,802 in 1958-59, and with £1,810,399 in 1957-58. . Ordinary dividend for the year is steady at 11 per cent. Profit was disclosed in a preliminary statement. It is after tax, but subject to final audit. It shows an increase of 13.1 per cent, on the previous year. Sales for the group, directors state, disclosed a substantial increase.
Final ordinary dividend declared is 7 per cent, for the half year (4 l-sd) a 5s share. Interim half-yearly dividend was 4 per cent Coles has a paid capital now at slightly under £15,000,000. NEW COMPANIES Company registrations notified in the “Mercantile Gazette” include:— Nobles Drapbry.: Ltd. Private company, May 27; c/o. N. S. Kirby and Company., Christchurch. Capital: £5OO. Subscribers: Christchurch, R. G. Hintz 499, C. V. Lester 1. Objects: Drapers and incidental. Ideal Fruit Bar, Ltd. Private company, June 9; 103 Normans road. Capital: £2OOO. Christchurch, L. D R. Hunter 1000,. R. H. Patterson 1000. Objects: General Merchants, universal providers and incidental. /
Hodders (1960), Ltd. Private comSany, June 23; Comm. Bank BUxldigs, Timaru. Capital: £2OOO. Subscribers: Timaru. H. L. and A. R. Hodder 1000 each. Objects: Dealers in concrete products and incidental. Frame Services, Ltd. Private company, June 27; 96 Hereford street. Capital*: £lOOO. Subscribers: Christchurch, J. E. Hall 999, P. J. Hall 1. Objects: Joiners, frame makers, carpenters, and incidental. Allens Garage, Ltd. Private company, June 28; Bowen St., Rakaia. Capital: £3500. Subscribers: Rakaia, J. Allen 2500, E. G. Dent 1000. Objects: Service station, garage proprietors and incidental. Ellesmere Investments, Ltd. Private company, July l; High street, Leestoii. Capital: £3OO. Subscribers: Christchurch, F. P. Hill, C. Lee; Leeston, J. A. Scott 100 each. Objects: Finance company and incidental. Beechwood Farm, Ltd. Private company, July 7; 143 Hereford street. Capital: £lOOO. Subscribers: Culverden, C. Burrows 750, G. M. Burrows 250. Objects: Acquire farm property, “The Terraces,“ Culverden. and incidental. Increase of Capital Bradford Construction Company, Ltd., from £15,000 to £20,000. Southern Bottling Company. Ltd., from £35,000 to £45,000. Bunting and Company, Ltd., from £200,000 to £250,000. Sligo, Benbow and Morse, Ltd., from £6OOO to £7350. Christchurch Press- Company, Ltd., from £200,000 to £500,000. Canterbury Bye Products Company, Ltd., from £BO,OOO to £lOl,OOO. Paramount Homes (Auck.). Ltd., from £6OO to £6OOO. Timaru Milling Company. Ltd., from £lOO,OOO to £250,000. Kiwi Taxis (Timaru), Ltd., from £3600 to £4BOO. Bremners, Ltd., from £2500 to £5OOO. Junior Models. Ltd., from £2OOO to £4OOO. Constance Gee, Ltd., from £4OOO to £7500. Ngahere (Waimate), Ltd., from £4OO to £B4OO. Certified Concrete (Christchurch), Ltd., from £52,500 to £63,000. Commercial Ltd., from £5OO to £lOOO. Smiths Nutty Crust Bakery, Ltd., from £7OOO to £12.000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19600721.2.195
Bibliographic details
Press, Volume XCIX, Issue 29262, 21 July 1960, Page 17
Word Count
474G. J. Coles Profit At Record Level Press, Volume XCIX, Issue 29262, 21 July 1960, Page 17
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