Company News WOOLWORTH YEAR
Profit Rises 22.5 p.c. (N.Z Press Association) WELLINGTON, Feb. 22. Consolidated profits of Woolworths, Ltd., excluding Wool worths N.Zm Ltd., for the year to January 30 amounted to £2,479,000 after tax. compared with £2.022,971 for the' 53 weeks ended January 31, 1962, according to a preliminary announcement released by the company today. This is a rise of 22.5 per cent. The net profit for the 52 weeks ended January 30, 1963, of £2,479.000 is .subject to preference dividends amounting to £126,500, leaving a balance of £2352.500.* equivalent to 16.0 per cent on the paid-up ordinary capital of £14,691,567 as as January CO, 1963. compared with 14.1 per cent on the paid-up ordinary capital of £13,451,512 as at January 31, 1962. A final dividend of 7 per cent, (making a total of 12 per cent, tor the year) on the issued ordinary capital of the company, based on shareholdings as at March 30, 1963. 30, 1963, excluding allotment of new issue of shares to be made on March 22, 1963, will be recommended to the shareholders for payment on April 30, 1963. The transfer books of the company will be closed from March 16 to March 30.
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Bibliographic details
Press, Volume CII, Issue 30064, 23 February 1963, Page 16
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200Company News WOOLWORTH YEAR Press, Volume CII, Issue 30064, 23 February 1963, Page 16
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