PUKEMIRO COAL DIVIDEND.
After making an allowance of £1688 for depreciation and £2600 for taxation a net profit of £7505 -was earned by Pukemiro Collieries, Ltd., for the year ended 31st August, a reduction of £6931 in comparison with the previous year. The dividend for the year is 7% per cent., as against 15 per cent, last year and 25 per cent, for 1930. The directors' report states that the operations for the year disclosed a considerably reduced profit as compared with previous records, which, however, was a result of price-cutting, together with the prevailing depression and the six ■weeks' strike stoppage. £52,876 is carried forward.
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Bibliographic details
Evening Post, Volume CXIV, Issue 69, 19 September 1932, Page 10
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106PUKEMIRO COAL DIVIDEND. Evening Post, Volume CXIV, Issue 69, 19 September 1932, Page 10
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