PROFIT LIFT BY U.D.C.
Increase To £133,078 Consolidated tax-paid profit of United Dominions Corporation Finance in the year to March 31 was £133,078 compared with £120,401 the year before—on shareholders’ funds of £1,624,269. Provision for taxation was increased by £16,225 to £127,050. Dividend remains unchanged at 9 per cent and takes £90,000. Advances, debtors and investments increased from £4,981,000 to £6,354,000 and total assets from £5,362,062 to £6,744,107. This includes industrial advances of £648,000 (far longer terms than usually provided by U.D.C.) in the books of the wholly-owned subsidiary, Credit for Industry (N.Z.), Ltd.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19660614.2.218
Bibliographic details
Press, Volume CVI, Issue 31085, 14 June 1966, Page 21
Word Count
94PROFIT LIFT BY U.D.C. Press, Volume CVI, Issue 31085, 14 June 1966, Page 21
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.