J. Smith up
PA Wellington James Smith, the Mace Development Corporation subsidiary, increased its total profit 41’4 per —cent to $1,134,000 in the six months to February 29. J The former Wellingtonbased retailer turned investment firm.! said its .turnover was $2,307,000 (up . 72.8 per cent) with the main source being interest income from deposits after the sale of the, Wellington department store to L. •D. Nathan and Company. ’ L -T i
The pre-tax profit was up 80.6 per cent to $1,985,000 and tax took $554,000 more at $851,000. There were no extraordinaries. 1 | ' Falling interest rates were causing a decline in Income.
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Press, 8 April 1988, Page 19
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102J. Smith up Press, 8 April 1988, Page 19
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