Walker And Hall Profit Recovers
(N.Z. Press Association) AUCKLAND, August 22. Net profit of Walker and Hall (N.Z.), Ltd., Auckand, silversmiths, recovered by £979, or 24.4 per cent, to £4993 in the year to April 30 after declining by £2BOO the year before. The result was reached after providing £lOOO more for taxation at £5300 and £693 more for depreciation at £1796.
It equals an earning rate of 6.1 per cent, on shareholders’ funds—£677o greater at £81,828. The steady dividend of 8 per cent takes £2560 and a transfer of £5OOO (none last year) has been made to reserves, which, after writing back £79 (£4l) in surplus tax, leaves a carry-forward £2488 lower at £7799.
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Press, Volume C, Issue 29599, 23 August 1961, Page 19
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115Walker And Hall Profit Recovers Press, Volume C, Issue 29599, 23 August 1961, Page 19
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