PROFITS IN WHISKY.
Kxpectatious that Distillers Limited would raise its dividend were fully met by the announcement that the final payment would be Wk per cent., making 20 per cent, for the year (less tax), against 17% per cent, (less tax). This large whisky combine seems to have increased its profits considerably, since not only is the dividend raised, which takes some £207,000 extra, but £100,000 is placed to superannuation fund, in addition to the usual allocation of £250,000 to reserve, while the carry-forward is increased by £52,918 to £310,339. It would seem from these indications that the profit increase is not far short of £450,000. Considerable benefit is believed to have accrued to the combine from the end of Prohibition in the U.S.A., since.a new outlet lias been found for the stocks of matured whisky, with the prospect of a steady continuing sale for this product. The other non-consumable products of the company are also appealing to a widening market.
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Evening Post, Volume CXVIII, Issue 33, 8 August 1934, Page 18
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161PROFITS IN WHISKY. Evening Post, Volume CXVIII, Issue 33, 8 August 1934, Page 18
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