ZEALANDIA MILLING
Profit Shows
Rise A net profit of £1772 was made by .Zealand!* Milling Company in the year ending on December 31. This eompares with a net profit of before. •■■■ for the year, plus a 2 per cent bonus, £3975. Last of « per Additions 4o the plant during the -year include the installatton of three silos and conveyors, for' the handling of bulk wheat, say the directors.
As a result of this the mill has been able to handle all bulk wheatoffered during the 1964 Harvest \ “It is hoped that increased use of these facilities in future years will enable the company.to reduce appreciably its wheat handling costs,” says the report. Paid capital is steady at £39,750, and shareholders* funds are £1836 higher at £54,416.
Current liabilities rose from £13,292 to £18,596.
Total current assets rose to £42,505 from £38,260. Fixed assets rose £2895 to £30,507.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19640320.2.169
Bibliographic details
Press, Volume CIII, Issue 30395, 20 March 1964, Page 14
Word Count
147ZEALANDIA MILLING Press, Volume CIII, Issue 30395, 20 March 1964, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.