Metters (N.Z.) Dividend
The accounts of Metters (N.Z.), Ltd., porcelain manufacturers, Wellington, show a net profit of £5262 for the year ended December 31. This compares with £5352 in the previous year. The directors recommend a dividend of 9d. a share for the year, equal to 6 per cent.,' an unchanged rate, absorbing £3896. The report states that sales for the year show a considerable increase, the plant having worked to full capacity. I lie advantage obtained from increased turnover had been absorbed in higher wages and in provision for income tax. The company is a subsidiary of General Industries, Ltd., Sydney. It was formed in 1929.
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Bibliographic details
Dominion, Volume 30, Issue 147, 18 March 1937, Page 14
Word Count
107Metters (N.Z.) Dividend Dominion, Volume 30, Issue 147, 18 March 1937, Page 14
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