JAS. SMITH PROFIT UP
Turn-over At New Peak (N.Z. Press Association* WELLINGTON, Oct. 20. Turn-over reached a new record of £2,358.549, an advance of 5J per cent in Janies Smith’s year to July 19 last. Net profit was £58,058, giving an earning rate on capital of 11.61 per cent, compared with 13.9 per cent on last year’s £56,133. Earning rate on shareholdes’ funds of £866,651 against last year, £848,593 is 6.7 per cent, compared with 7.46 per cent Balance sheet shows revenue reserves at £197,199 against £179,141. Paid up capital is steady at £500,000. Term liabilities, mortgages and unsecured notes, at £740,225 have increased from £558,825 while current liabilities are £345,422 (£371,488) and fixed assets £1,195,559 (£1,007,751). Investments in other companies are unchanged at £3380. Current assets taking in stocks £479,799 (£459.532) trade and sundry debtors £248,950 (£223,134) and cash £24,610 (£82,109), are £753,359 compared with £764,775 last year.
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Bibliographic details
Press, Volume CVI, Issue 31196, 21 October 1966, Page 14
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149JAS. SMITH PROFIT UP Press, Volume CVI, Issue 31196, 21 October 1966, Page 14
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