GOLDSBROUGH MORT YEAR
Net Profit Up By £35.418 Goldsbrough, Mort and Company, Ltd., Melbourne, woolbroker and pastoralist, raised net profit by £35.418 to £602,384 in the year to March 31. Dividend is steady at 8 per cent, including a final 5 per cent. Latest profit is after £520,000 tax (up £10.000) and £387.453 depreciation (down £6943>. , Earning rate on unchanged ordinary capital of £4.800,000 rises from 11 to 12.6 per cent. The latest result reverses the trend of the previous year when net profit fell 30 per cent, from £801,531 to £566,966 and dividend was cut from 10 per cent, to 8 per cent. Proposed Merger As previously reported. Goldsbrough, Mort and Elder, Smith and Company, Ltd., of Adelaide, have proposed a merger of the two companies into a new £12,030,000 holding company. The new company, to be known as Elder Smith Goldsbrough Mort. Ltd., expects to pay dividends of 8 per cent. Shareholders of Goldsbrough, Mort at May 31 will be offered two 10s shares in the holding company for every 20s share in Goldsbrough, Mort.
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Press, Volume CI, Issue 29828, 22 May 1962, Page 17
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177GOLDSBROUGH MORT YEAR Press, Volume CI, Issue 29828, 22 May 1962, Page 17
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