CHAS BEGG LOSS
No Dividend To Be Paid Charles Begg and Company, Ltd, the Dunedin-based electrical and musical group, anounced a group net trading loss of about $l5 00 for the year to March 31. The directors say that, although the result is a marked Improvement on last year, they have decided not to recommend a dividend. The loss is left after bringing into account a recovery of $90,000 from the provision for doubtful debts, created' last year. “Allowing, however, for non-trading credits of $60,000 and after providing 814,000 for minority interests, the earnings attributable to members of Charles Begg are $31,000,” they say. The profit apd lon histow $385,920; 1987, ion $M,488; 1988, loss $564,8681 1969, lon P ”n 1987 alOer cent dividend was paid; and in 196$ 3 per cent; these dlvidend were appropriated from reserves.
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Bibliographic details
Press, Volume CIX, Issue 32030, 3 July 1969, Page 18
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138CHAS BEGG LOSS Press, Volume CIX, Issue 32030, 3 July 1969, Page 18
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