Custom Credit trading well
(N.Z. Press Assn. —Copyright) SYDNEY, April 27.
The Custom Credit Corporation, Ltd, has declared a steady interim dividend of 6 per cent for the six months to March 31, payable May 31.
The audited consolidated net profit was $4,268,938, compared with $3,142,764 for the period to December 31, 1970, because of a change in the company’s balance date. Tax was $4,482,807 ($3,065,362), and depreciation was $162,570 ($146,970).
Gross receivable at March 31 totalled $347,381,680 compared with $340,295,231 at September 30, 1971.
In arriving at the net profit, a sum of $500,000 was transferred to the provision for doubtful debts of Custom Credit Corporation—which now totals $4,250,000. Gross premiums of the wholly-owned subsidiary, National and General Insurance Company, Ltd, totalled $13,116,849 —an increase of $305,179 over the six months to December 31, 1970, the directors say.
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https://paperspast.natlib.govt.nz/newspapers/CHP19720428.2.134.6
Bibliographic details
Press, Volume CXII, Issue 32902, 28 April 1972, Page 15
Word Count
139Custom Credit trading well Press, Volume CXII, Issue 32902, 28 April 1972, Page 15
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