BONDS NET PROFIT
Decline Of 11.7 p.c. (N.Z. Press Association) WELLINGTON, April 5. Bonds Hosiery (N.Z.), Ltd., had a net tax paid profit of £127.756 in the year to January 19, compared with £144,715 last year. This is £16,959 or 11.7 per cent down. Net profit was reached after providing £260,789 for selling and administration charges, £2327 for interest on fixed loans, £71,715 for depreciation and £119,355 for tax. The accounts of Narrow Fabrics, Ltd., are included in the group’s accounts for the first time. It was acquired in June last year. Shareholders’ funds are £1,027,928, compared with £884,293 in 1965. Earning rate on higher issued capital drops from 28.5 per cent to 24.0 per cent and on higher shareholders’ funds from 19.0 per cent to 12.4 per cent. As announced, a final dividend of 6d a stock unit is being paid, making a total of 15 per cent for the year, against last year’s 171 per cent including a Id bonus.
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Bibliographic details
Press, Volume CV, Issue 31028, 6 April 1966, Page 21
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162BONDS NET PROFIT Press, Volume CV, Issue 31028, 6 April 1966, Page 21
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