Lower tax aids W’wths profit
The unaudited group net profit of Woolworths (N.Z.) Ltd, for the year to Sept. 27, rose by $2754 to $865,752, the directors say in a preliminary report. It is an increase of 0.3 per cent. A tax-free final dividend of 3c a share (6 per cent) is payable on December 18. The annual rate is steady at 11 per cent.
The profit was struck after providing $66,679 more for depreciation at $689,008, but $290,363 less for tax at $708,223. Trading profit before depreciation, amortitation, and tax fell by 8.9 per cent to $2,262,983, the report shows.
After allowing for the preference dividend of $98,692 the result is equivalent to a return of 13.9 per cent on the ordinary capital of $5,503,850.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19721104.2.165
Bibliographic details
Press, Volume CXII, Issue 33065, 4 November 1972, Page 18
Word Count
126Lower tax aids W’wths profit Press, Volume CXII, Issue 33065, 4 November 1972, Page 18
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.