Lincoln Mills Passes Div.
(N.Z Press Assn. —Copyright) MELBOURNE, Dec. 20. Lincoln Mills (Australia), Ltd., spinner and knitter, announced today that no ordinary dividend would be paid following a net loss of £ 47.500 after allowing £66,149 for depreciation in the year to September 30. Last year the company earned a profit of £lOO,BOO after depreciation of £62.932. and paid a dividend of 7J per cent. The directors report that in the second half of the year the full impact of the Federal Government’s “restrictive economic policy” was felt by customers, and in a large section of the mills production was reduced.
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Bibliographic details
Press, Volume C, Issue 29702, 21 December 1961, Page 19
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101Lincoln Mills Passes Div. Press, Volume C, Issue 29702, 21 December 1961, Page 19
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