ELECTROLYTIC ZINC COMPANY.
During the year elided 30th Jiiiic, the produetion of zinc at the works of the Klcc-ti-olytic Zinc Co., of Australasia* Ltd., 'l'asnlaiihi, was further increased, and the average daily production was 120J tons, as against 12?, tons for the preceding year The gross profit for tho period was .£510,073, after plae-ing'£-110,000 lo'reserve, for depreciation, and the net profit wnfe ,£375,:j5.0. For the 1924 period thy. gross protlfc was £-15(1,820, after crediting .£120,000 to depreciation and development accounts, and the.net prolit was ,t!341,B4D. With J?9Si»2O brought forward, the company had .£474,301 available oil ciltith June. Out of this two dividends absorbed £210.201), tlie siint of i'40,000 was added to eiliiaiisiiMoil reserve,, ltiiiklug its total £120*000, an amount of,.£211,001) was set aside towards new plant for West Coast iniues. £20,000 was written off research and development account, and ,C12,l0(l was ntldcd tr> debeiltilro sihkiiijr fiiiiil, leaving £l<i, r>,!)H2 td Ho carried forward. A further dividend, absorbing £155,507, has since been paid.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19251028.2.74.10
Bibliographic details
Evening Post, Volume CX, Issue 103, 28 October 1925, Page 7
Word Count
162ELECTROLYTIC ZINC COMPANY. Evening Post, Volume CX, Issue 103, 28 October 1925, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in