HIGHER PROFITS
APEX INVESTMENT TRUST
The directors of Apex Investment Trust of New Zealand, Ltd., Masterton, report net profit for the year ended December 31, 1935, of £215, as compared with £157 for the previous year. Profits on the sale of securities totalling £391 (compared with £102) have not been taken into profit and loss i account but were transferred to investment fluctuation reserve, raising that fund to £533. The dividend rate has been increased from 3 per cent, to 4 per cent, per annum absorbing " £ 166. An interim dividend was paid in September and the final dividend will be payable immediately after the annual meeting to be held on Thursday, March 19. Figures since the inception of the company compare as follows:— 1933.t IM4. 1933. Gross profit ' 162 2r,S 388 Expenses 90* 101 173 Xet profit 60 I">7{ 21 jj Dividend amount .... 40 120 108 Iteserres 5 132 031 Dividend rate, p.c. .. 2/2 3 4 •Including preliminary expenses £34 written off. tEieht months only. {Xot including profit on sale of securities.
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Bibliographic details
Evening Post, Issue 13, 16 January 1936, Page 14
Word Count
172HIGHER PROFITS Evening Post, Issue 13, 16 January 1936, Page 14
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