BROWN AND DUREAU
Sharp Fall In Profit (ti.Z- Press Assn.—Copt/rigtit) SYDNEY. September 19. Brown and Dureau, Ltd. earned a. consolidated net profit of £45,731 for the year to June 30, 1961, directors said today. The profit was struck after allowing £22,062 for Australian and New Zealand taxes and £21,555 for depreciation. Taxes would have been £6OOO greater except for tax benefits from losses carried forward. The comparable profit last year after New Zealand tax of £6156 and depreciation of £19,528 was £85,663. Directors recommend a 33 per cent, ordinary dividend out of the profits and a 2} per cent, ordinary dividend out of the tax paid profits reserve. making a 6 per cent, dividend, unchanged from last year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19610920.2.212
Bibliographic details
Press, Volume C, Issue 29623, 20 September 1961, Page 19
Word Count
118BROWN AND DUREAU Press, Volume C, Issue 29623, 20 September 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.