WOOLWOETH SUCCESS
BONUS DISTRIBUTION
Woulworths, Ltd., retail storekeepers, Sydney, it is understood' will make a- distribution by way of bonus of three shares for, every two ordinary shares held. There are 167,788 ordinary shares of £1 fully paid-up; 75,000 preference shares ,of £1 each, paying 10 per cent, per annum, and 100,000 preference shares paying 7 per cent. per annum. The issue of the bonus shares will bring "the capital up from £342,788 to £594,470, made up as follows:—Ordinary .share capital, £419,476; preference share capital, £175,000.
•rhe company's net profits, from 1930 to 1934 were as follows:—1930, £40,693; 1931, £41,736; 1932, £62,407; 1933,. £68,785; 1934, £83,552 . (after transferring ,£2OOO to staff fund). Dividends on preference shares/were maintained last year, and 25 per cent, was paid on ordinary shares. Reserves at January 31 last were £159,020, and depreciation reserve £59,985. Goodwill is nut. down at £87,495. In June, 1931, the sum of £80,967 was capitalised and with £2927 from disclosed reserves applied to| issue bonus ordinary shares of,on'o share to one held. The company has large holdings in Woolworfhs (X.Z.), Ltd., Woolworths (Victoria), Ltd., .-and':Woolworths (Western Australia), Ltd.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19340717.2.143.5
Bibliographic details
Evening Post, Volume CXVIII, Issue 14, 17 July 1934, Page 10
Word Count
187WOOLWOETH SUCCESS Evening Post, Volume CXVIII, Issue 14, 17 July 1934, Page 10
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