BREWERIES' PROFITS.

Evening Post, Volume CXIII, Issue 40, 17 February 1932, Page 10

BREWERIES' PROFITS.

Although Australian breweries did not suffer as severely as many other branches of business, profits earned in 1931 decreased by 29.2 per cent, compared with those of 1930. Following is a compariso nof profits earned by the eight companies on> aggregated shareholders' funds amounting to £14,733,746 in the last two years:-2- ■. \

Profits. Profits.

SYDNEY FRESH FOOD PROFITS.

Net profit of £7909 shown by the New South Wales Fresh Food and Ice Co.-, Ltd., for the year ended;3lst December is slightly more than half that for the previous year. The company is largely.in the milk trade. No interim dividend having been paid, a dividend of 3 per cent, for the year is now proposed, requiring £8462, or £553 more than the profit. The balance of £5677 brought forward is reduced to £5124, to be carried . forward. The dividend rate is a decline of 2V4 per cent, on the year. For 1#29 it was 3 per cent., and 1930 5% per cent. '

Golden Sands, Ltd., Christchurch, has been registered. Capital: £7000, in 140,000 shares of Is each. Subscribers: Christchurch—T. Newburgh 2000, R. A. J Bagshaw 2000, J. Murphy 2000, R. T. ".Tosswill 2000, P. M. Collins 2000, W.Tuck 2000; Greymouth—D. Denuehy 2000. Objects: To acquire and take over by purchase or otherwise mining privileges, mines, and incidental.

1930 1931. £ £ Cascade 9,813 11,476 gwan 103,585 61,237 6.A. Brewing Co. .... '/ 60,944 GQ,537 Tooth and Co. 686,392 480,829 Queensland Brewery .. 39,674 31,167 Toohey's, Ltd. .,< ;■ 163,184 : 93,050 Castlemaine Perkins .. , 70,834 "59,007 Carlton United ; 334,895 243,492 Total ........... £ 1,469,321. 1,040,795