WOOLWORTHS LIMITED

Dominion, Volume 31, Issue 129, 25 February 1938, Page 14

WOOLWORTHS LIMITED

Dividend And Bonus Share Issue Woolworths, Limited, Sydney, yesterday advised the Stock Exchange Association that the net profit for the year ended January 31, after providing for income tax, w,is £217,717. The directory recommend a final dividend on the ordinary shares of 9 per cent., .making a total of 17 per cent, for the year, and also a bonus issue of one I'ully-paid share of 5/- for every five shares held. The profit, . earned on the increased capital, compares with £172,341 for the previous year, and £147,550 in 1935-30. In 1934 the company’s assets were written up and £253,183 of bonus scrip issued. In 1936, £421,960 of reserves was capitalised, and last year the company made a new issue of 84,394 ordinary £1 shares at a premium of 30/- each. Later in the year the 20/- shares were subdivided into 5/- shares. The yearly‘distributions on the ordinary shares have been as follows:—l929, 25 per cent.; 1930, 30 per cent.; 1931, 25 per cent.; 1932, 171 per cent.; 1933, •22 J per cent.; 1934, 25 per cent.; 1935, 121 per cent.; 1936, 171 per cent.; 1937. 121 per cent. London Stock Exchange I'.V Telegraph.—Press Assn.—Copyright. London, February 23. All sections of the Stock Exchange have responded to the removal of fears of a general election. Many operators now anticipate that tiie stage is set for a revival of business in tha, spring,