JACQUARD YEAR
Profit Rises 18.5 p.c.
Consolidated net profit of j Jacquard Textiles, Ltd., Palmerston North, and subsidiary companies, rose by £1165 or 18.55 per cent, to £7473 in the year to July 31. This result was after providing £6B less for depreciation, and £3813 more for taxation at £6424. In his report the chairman) (Mr H. Korman) says tha;)
Id anges in the company's) method of operations envis- 1 aged last year were con-) tinued. This resulted in a) 125 per cent increase in turn-! : over and a reduction in! administration costs. ) The profit represents am ) earning rate of 5.8 per cent I on shareholders’ funds. , £2206 higher at £128,196. The i previous earning rate was 5.0 per cent. Gross profit was £3079 down at £38,427 but expenses other than depreciation feU £11.133 to £19,535. Dividend The higher dividend takes ■ £5250 against £3750 and after writing off £l7 in underprovided tax (last year £168: )was written back), the carryI forward is increased from ! £18.490 to £20.696. j The consolidated balanceI sheet shows paid capital uni changed at £75,000.
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Bibliographic details
Press, Volume CII, Issue 30294, 21 November 1963, Page 21
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179JACQUARD YEAR Press, Volume CII, Issue 30294, 21 November 1963, Page 21
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