D.I.B.A. NET PROFIT UP
Seventh Rise In Seven Years (N.Z. Press Association) AUCKLAND, Aug. 17. The Dominion Investment and Banking Association, Ltd., Auckland, lifted net profit for the seventh successive time, from £20,244 to £20,706. in the year ended June 30. Advances on first mortgage amounted to £503.260, an increase of £3509, but depositors’ credit balances eased further from £40.977 to £39,826. Income Rises Total income rose from £29,980 to £30,763, while expenses increased from £9416 to £9737, excluding steady depreciation of £320. The unchanged 7% per cent, dividend on A shares again took £11,325, while payments on B, C and E shares required £5064 against £5203 last year. Aftei- unchanged transfers of £l5OO to general reserve (now £70.500) and superannuation reserve (now at £5000), the carry-forward was £845 higher at £9831.
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Bibliographic details
Press, Volume CII, Issue 30213, 19 August 1963, Page 16
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132D.I.B.A. NET PROFIT UP Press, Volume CII, Issue 30213, 19 August 1963, Page 16
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