D.F.H. PROFIT LIFT OF 13.7 p.c.
Dominion Finance Holdings, Ltd., Christ-church-based finance group, earned a profit of £38,797 for the year to January 31—£4667, or 13.7 per cent> more than last year—directors announced in a preliminary report yesterday.
The result was after deducting £13,161 more for interest on debentures and deposits £69,256 compared with £56,095 last year and £21,683 more, at £42,619, for depreciation on lease equipment The earning rate on average capital goes down from 19.4 per cent to 12.9 per cent and the rate on average shareholders* funds declines from 9.8 to 9.2. per cent. (Directors have declared a final dividend of 5 per cent making 9 per cent for the year, against 12} per cent last year. The actual dividend pay out however, increases from £21,959 to £27,063, as capital increased by last years 2:5
bonus issue on acquisition of subsidiaries.
The dividend is payable after the annual meeting on April 21, ex April 14.
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Bibliographic details
Press, Volume CVI, Issue 31312, 7 March 1967, Page 18
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158D.F.H. PROFIT LIFT OF 13.7 p.c. Press, Volume CVI, Issue 31312, 7 March 1967, Page 18
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