GOLDEN BAY YEAR
Depreciation Up £150,903
“The Press" Special Service AUCKLAND, Sept. 20. After writing off £150,903 more for depreciation at £254,449, the Golden Bay Cement Company, Ltd., Wellington, earned a net profit, subject to audit, of £225,717 for the year ended June 30. This was a reduction of £2907 from the 1958-59 result of £228,624. Dividend for the year is unchanged at 8 per -cent, requiring £120,000. Payment will be made after the annual meeting on November 15, and shares will be marked ex dividend on November 2. General reserve has been credited with £ 100,000, compared with £90,000 in 1958-59. The net profit clears the dividend and reserve requirements by £5717, and the amount carried forward is increased from £116,878 to £122,595. The amount of tax provision is not given in the preliminary statement. In 1958-59 it was £228,250.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19600921.2.201
Bibliographic details
Press, Volume XCIX, Issue 29315, 21 September 1960, Page 19
Word Count
140GOLDEN BAY YEAR Press, Volume XCIX, Issue 29315, 21 September 1960, 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