FTC pays 20%
Farmers’ Trading Company, Ltd, reports that the unaudited group tax paid profit for the year ended March 31 amounted to $6,207,685 compared with $5,483,315 last year. — an increase of 13.21 per cent. The extra provision for
deferred profits and interest on time payment debtors was $1,158,451 (last year $996,114). Provision for tax was $4,394,839 (last year $4,480,414). Sales for the year amounted to $162,682,460 against $142,424,465 — an
increase of 14.22 per cent. The, directors have recommended an (increased final dividend (tax-free) on the ordinary shares of 14 per cent, making 20 per cent for the year. The dividend is payable on July 16.
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Bibliographic details
Press, 30 May 1981, Page 19
Word Count
106FTC pays 20% Press, 30 May 1981, Page 19
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