H. J. KEARNS PROFIT
Recovery On Last Year Showing a good recovery on last year’s result, Hugh J. Kearns, Christchurch maltsters and grain merchants, made a net profit of £99 in the latest year to June 30. This is shown in preliminary figures released yesterday. Depreciation is £1221 against £1347 last year. Last year the company showed a net loss of £5915. There will again be no dividend and no fees will be paid , to directors. Unit valuation of barley stocks has been reduced and this has affected profit by £6OO, say the directors. Increased sales and reduced costs in the extract department helped the recovery to profit, they say.
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Press, Volume CIII, Issue 30560, 1 October 1964, Page 24
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110H. J. KEARNS PROFIT Press, Volume CIII, Issue 30560, 1 October 1964, Page 24
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