COLES SALES TOP£losm
Big Jump In 50th Year (N.Z. Press Assn. —Copyright) MELBOURNE, Oct 19. G. J. Coles and Company, Ltd., Australia’s leading chain store and supermarket retailer, achieved a turn-over of £105,427,702 in the year to June 27—its golden jubilee year. Sir Edgar Coles, chairman and controlling managing director, said in the company's anniversary report that this was an increase of £7,140,602 on 1963’s figure. Consolidated profit for the year, already announced, rose from £3,736,357 to £3,939,152 and was subject to £6665 interest of outside shareholders (£22,455 last year). Ordinary dividend of 11 per cent and the usual preference charges took £2,465,202. Current assets are £12,268,754 and current liabilities at £13,955,790.
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Bibliographic details
Press, Volume CIII, Issue 30576, 20 October 1964, Page 22
Word Count
112COLES SALES TOP£losm Press, Volume CIII, Issue 30576, 20 October 1964, Page 22
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