Company News MAURI BROS. YEAR
Consolidated Accounts Mauri Brothers and Thomson. Ltd, Sydney-based foodstuffs merchants and importers. have presented consolidated accounts for the first time. These disclose consolidated het profit of £559,702 for the year to June 30 This compares with a parent profit of £300.260 in the previous year. Latest parent profit rose £63.381 or 21 per cent, to £363.641.
Dividend is raised from 9J to 10 per cent., and includes a final 5 per cent. Consolidated profit, after deducting preference charges, equals an earning rate of 16 5 per cent on increased capital Earning Rate This compares with an earning rate of 10 1 per cent, by the parent in the previous year Consolidated profit is after taxation of £453.682 and depreciation of £411.586. No taxation provision was disclosed previously. Last year’s parent depreciation provision was £17.733. Dividend requires £329.243 'up £62.717) or £214 769 less than the consolidated profit after preference charges. The preference dividends absorb £l5 690
During the year ordinary capital rose from £2,861.387 to £3,292.432 as a result of the take-over of Pick-Me-Up Foods, Ltd.
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Bibliographic details
Press, Volume CI, Issue 29913, 29 August 1962, Page 17
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181Company News MAURI BROS. YEAR Press, Volume CI, Issue 29913, 29 August 1962, Page 17
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