LOSSES ON CHOCOLATES.
Hoadley's Chocolates,. Ltd., Australia, for the year ended 3]sfc December last, have just disclosed a loss of £22,640, against a profit of £240 for ,1927. Allowing for. £3410 brought into account and £3000 transferred from general reserve, the debit at profit and loss account at the end of the year was £1G,23G. The directors write that the economic position in the Commonwealth had a detrimental effect upon trading. Every precaution, was taken by the management, and costs in all directions were lowered. In the last six months of the period net figures showed a great improvement. They appeared to indicate that although trading conditions were still difficult, a way had been found to improve materially the hitherto unsatisfactory position anil to conserve the interests of shareholders. Arrears of preference dividend to 31st December last amounted to £9000.
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Bibliographic details
Evening Post, Volume CVIII, Issue 111, 6 November 1929, Page 14
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140LOSSES ON CHOCOLATES. Evening Post, Volume CVIII, Issue 111, 6 November 1929, Page 14
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