BROTHER SEWING
Profit, Dividend Raised
Net tax-paid profit of the Brother Sewing Machine Corporation (New Zealand), Ltd., rose £857 to £3511 in the year ended March 31, 1961. Recommended final dividend is 12*4 per cent., making 22*4 per cent, for the year, compared with 15 per cent, last year. The latest result is reached after tax provision of £3503 (up £1611). The company’s share of the profit from the Brother Empisal trading organisation was £7214 (up £2468) The dividend requires £2250 (up £750), and the carry-forward is £ 1261 higher at £ 1540. The balance-sheet shows shareholders' funds £1540 higher at £11,540, of which paid capital (in 5s un.ts) comprises £lO.OOO Investments comprise £lO.OOO in the Brother Emnisal trading organisation. The trading organisation’s current liability to Brother Sewing rose £1229 to £4601 and its stock rose from £8299 to £16,203. The company’s prospects have been “somewhat clouded by the Government announcement that the 1961 import licences might have to suffice for 15 to 18 months.” directors report “This will necessarily mean a slowing down of sales promotion efforts."
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Bibliographic details
Press, Volume C, Issue 29548, 24 June 1961, Page 16
Word Count
176BROTHER SEWING Press, Volume C, Issue 29548, 24 June 1961, Page 16
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Acknowledgements
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