LOVELL AND CHRISTMAS.
A substantial drop in earnings (writes our London correspondent) is shown by the report of Messrs. Lovell and Christmas for the past financial year, trading profit beiniz down Snuff•T-, t 7 °nn £"4 700- and net P'^t Tom £93.800 to £73,700. The ordinary dividend is thl'™ ?' maln. ta!ned »*> " Per cent., while fln<!lXr y Th OrWh "V" ra. 18e .v from £95 '600 tol A 103,100. Th* burden of the reduced profit * 2S.;£S reserve, which on the last occasion got £20,000 from revenue, but now received nothing from this source. To offset this, however, a surplus of £53,000 has been secured on the realisation of investments, and tbia has «™*™""' erred to reserve, making the total ™ ' Si°? kß»"i e ,UP from £111-800 to £138---700, and substantial Increases in-open accounts and creditors indicate that there has been a. considerable expansion in turnover even if the margin of profit has been smaller.
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Bibliographic details
Evening Post, Volume CVI, Issue 36, 11 August 1923, Page 8
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151LOVELL AND CHRISTMAS. Evening Post, Volume CVI, Issue 36, 11 August 1923, Page 8
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