Nivens Confirm Lower Profit
(N.Z. Pres* Association) WELLINGTON. July 20 Accounts of Jas J. Niven and Company. Ltd., engineers and merchants. Wellington for the year to March 31 1962. confirm that net profit was £111.594. against £119:502 for the previous year The result is reached after provision of £23,338 <£23.7591 for depreciation and £112.500 (£120.0001 for tax
Steadv dividend of 10 per cent takes £65.003 and is covered 1.7 times Surplus tax provision of £ll9 increases the carry forward
Gross profit from trading was £638.636 (£627.384) and general expenses were £387.789 (£361.875).
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Bibliographic details
Press, Volume CI, Issue 29880, 21 July 1962, Page 16
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92Nivens Confirm Lower Profit Press, Volume CI, Issue 29880, 21 July 1962, Page 16
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