AUSTRALIAN GLASS
The Australian Glass Manufacturers Company, Ltd., in its balance-sheet for the year ended 31st March last), discloses net profit for the year £76,768, as compared with £187,169 a year ago, a drop of £110,401, equal to nearly 60 per cent. Ordinary dividend 6 per cent as against 12% per cent" last year; preference 9 per cent, unchanged. Carried forward, £90,----663, compared with £00,473 last year. Gross profits decreased by £147,175, and expenses were lower by £36,775. Last year £50,000 was placed to reserve, and £2500 to staff superannuation fund, but no such allocations have been made this year. The net profit has been sufficient to pay the reduced dividend' and leave a balance of £5189.
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Bibliographic details
Evening Post, Volume CXII, Issue 12, 14 July 1931, Page 10
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117AUSTRALIAN GLASS Evening Post, Volume CXII, Issue 12, 14 July 1931, Page 10
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