BURNS, PHILP'S YEAR
PROFITS INCREASE
Burns, Philp, and Company. Ltd., Sydney, reports a net profit of £226,067 for the year ended March 31, compared with £216,979 the previous year and £211,006 for 1934-35. The dividend is maintained at 10 per cent., requiring £150,000. A sum of £75,000 is to be transferred to reserve, making that item £1,125,000, and £32,135 will be carried , forward, against £31,068 brought forward. Gross profit increased by £105,859. The amount written off to depreciation was £103,091.
The directors state that sales of merchandise increased to a new high level, and that shipping and trading operations, produced satisfactory results. Better prices were obtained for copra, and subsidiary plantation companies improved their plantations and acquired additional planted areas. Orders have been placed for a modern passenger and , cargo motor-vessel for the Australia-Papua-New Guinea mail service, and for two small motor-vessels for inter-island trade.
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Bibliographic details
Evening Post, Volume CXXIII, Issue 104, 4 May 1937, Page 14
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145BURNS, PHILP'S YEAR Evening Post, Volume CXXIII, Issue 104, 4 May 1937, Page 14
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