Smith And Smith Profit Up
(N.Z. Press Association) WELLINGTON, Sept 22. Consolidated net profit of Smith and Smith. Ltd., paint manufacturer and hardware merchant, for the year to June 30 was £109.495, against £95.167 the previous year. The result is reached after provision of £47,147 (£42,629 > for depreciation and £113.866 (£100.029) for tax (adjusted) and after deduction of £1290 (£1290) for minority interests. Preference dividend takes £2700 and ordinary dividend of 6 per cent. £46.200.
Nat. Consul.—Consolidated net profit of National Consolidated. Ltd., public company for the National Radiator and Bearing Service group, rose by £27.559 to £844.883 in the year to June 30. The profit, which is from a preliminary statement, includes earnings of. subsidiaries acquired during the vear. Dividend is steady at 20 per cent. Latest profit is after providing £565.336 for tax (previous £580.117 adjusted) and £135.136 for depreciation (previous £108.064).
Pukemiro Colleries.—An annual dividend of 10 per cent is payable on October 19, ex October 9.—(P.A.)
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Bibliographic details
Press, Volume C, Issue 29626, 23 September 1961, Page 16
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160Smith And Smith Profit Up Press, Volume C, Issue 29626, 23 September 1961, Page 16
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