D.I.C. YEAR
DIVIDEND INCREASED
The'fifty-second annual report of the Drapery and General Importing Company of New Zealand, Ltd., states that net profits are £31,104 6s Bd, which, with £35,721 18s lOd brouant forward from last year, show a total to the credit of profit and loss appropriation acount of £66,826 4s 6d. Last year .net profits were £27,486. The sum of £60,576 4s 6d is now available. This sum the directors recommend should be appropriated .as follows:— Payment of dividend at the rate of 5 per cent per annum on preference shares for the half-year, ended August 20 £6fiso; payment of dividend at the rate of 6 per cent, per annum on ordinary shares, £10,927 9s 4d, the ordinary dividend last year being 5 per cent. Addition to reserve, £2898 13s 6d, making a total reserve of £93.000; balance to be carried forward, £40,500 Is Bd. The dividends, if approved, will be payable on November 2.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19361019.2.130.4
Bibliographic details
Evening Post, Volume CXXII, Issue 18, 19 October 1936, Page 12
Word Count
156D.I.C. YEAR Evening Post, Volume CXXII, Issue 18, 19 October 1936, Page 12
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