PROFIT LIFT BY SCALES
Dividend Is 17| p.c. (N.Z. Press Association) WELLINGTON, Nov. 25. Net profit of Geo. H. Scales, Ltd., for the year to June 30 was £53,636 against £31,281 the previous year. Result is after provision of £386 (£402) for depreciation £41,900 (£19,300) for New Zealand tax and £2207 (£1541) for other taxation. Dividend, raised from 12| to 17i per cent with a final of 12| per cent, takes £29,327 (£20,948) and is covered 1.8 times.
Paid capital is unchanged at £167,588 and reserves are £254,510 (£228,932) making shareholders’ funds £422,098 (£396,520). Current assets are £299,226 (£227,118), current liabilities £187,315 (£126,152), fixed assets £1571 (1724) and investments £308,616 (293,830).
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Bibliographic details
Press, Volume CIV, Issue 30918, 26 November 1965, Page 16
Word Count
111PROFIT LIFT BY SCALES Press, Volume CIV, Issue 30918, 26 November 1965, Page 16
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