Broadlands Profit Rise
The net profit of Broadlands Investment Group, Ltd, Auckland financier, rose $5469, or 13.4 per cent, to $46,257 in the six months to September 30, compared with the corresponding period of last year. The company was being offered more suitable business than it could now service, the chairman (Mr L. Hay) says in the interim report. The directors were confident that the company would continue to trade profitably and that funds would at ail times be fully used. The motof vehicle sector still accounted for a high proportion of funds but other lending was broadening the sphere. The confirming of overseas shipments and short term finance required substantially greater sums. The profit for the half-year was after providing $2569 more for tax at $42,245, $41,549 more for unearned interest at $246,515 and $28,652 more for unearned lease income at $227,280.
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Bibliographic details
Press, Volume CVII, Issue 31540, 30 November 1967, Page 18
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143Broadlands Profit Rise Press, Volume CVII, Issue 31540, 30 November 1967, Page 18
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