Improved Silknit Result
A net profit of £18,960 is reported by Silknit (N.Z.) for 1940. This compares with £27OS in 19?9 and a loss ot £31,004 in 1938. The profit is applied to reducing the debit in the appropriation account to £15.973. The accounts balance at £120,090, an increase of £33,191. Against' a rise of £13 t 706 in bank overdraft to £65,329, there is an increase of £23,276 in stocks, which stand at £90,402. No dividend has been paid since 1938.
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Bibliographic details
Dominion, Volume 34, Issue 158, 31 March 1941, Page 3
Word Count
82Improved Silknit Result Dominion, Volume 34, Issue 158, 31 March 1941, Page 3
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