GEO. COURT EARNINGS
Profit Edges Back GV.Z. Press Association) AUCKLAND, Sept., 19. George Court and Sons Limited, Auckland department store retailer, earned a profit of £28,798 in the year to July 19— £2925 down on the year before. Earning rate on funds is down from 8.5 per cent to 7.4 per cent while the rate on capital is down from 12.7 per cent to 11.5 per cent. Sales rose during the year in which time payment sales have been severely down by official policy, says the chairman, Mr J. W. Coney. Latest profit is after £6468 more for depreciation at £23,461 and £5853 less for tax at £56,5?6. Shareholders’ funds are £9448 higher at £391,315 and include steady capital, all ordinary, of £250,000. Shareholders will be asked at an extraordinary general meeting on October 11 to subdivide the 20s shares into two 10s shares.
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Press, Volume CVI, Issue 31169, 20 September 1966, Page 20
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144GEO. COURT EARNINGS Press, Volume CVI, Issue 31169, 20 September 1966, Page 20
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