GOOD YEAR FOR LUSTEROID
Profit Rises To Record £27,702 (N.Z Press Association) AUCKLAND, July 4. Lusteroid Holdings (New Zealand), Ltd., Auckland paint and enamel manufacturer. increased consolidated net profit by £2847 (11 4 per cent.) to be a record £27,702 in the year ended March 31 This represents an earning rate of 29 per cent, on average paid-up capital and 15.1 per cent, on average shareholders’ funds. Profit was struck after providing £941 less for depreciation at £3607 and £2845 more for taxation, which took £27.9.50. Unchanged dividend of 15 per cent, required £14.248. This left £B4 135 carried forward after taxa'ion adjus*ments—an increase of £13.459. *
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19610705.2.178
Bibliographic details
Press, Volume C, Issue 29557, 5 July 1961, Page 19
Word Count
106GOOD YEAR FOR LUSTEROID Press, Volume C, Issue 29557, 5 July 1961, 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.