PROFITS INCREASE
ABRAHAM & WILLIAMS
The directqrs of ADraham and Williams, Limited, report for the year ended September 30, 1937, that after providing-for land tax and income tax, the net profit amounts to £16,663 2s lid, to which has to be added the amount brought forward from last year, £15,195 9s 3d, making a total of £31,858 12s 2d. From this sum. has to be deducted the interim preference dividend for the- six months ended March 31, 1937, paid on April 30 last, £2050 10s, leaving the balance available for distribution of £29,808 2s 2d. Out of this sum the directors recommend that, after making the fixed payment on the preference shares, a dividend of 4 per cent, be paid on the ordinary shares, leaving £19,268 16s 2d to be carried forward to next year's accounts." . • • The retiring directors, Messrs. R.- S. Abraham, R. w. Steel, and S. R. Thomson, offer themselves for re-election. Mr. P. L. Sim, auditor, also offers himself for re-election. The dividend of 4 per,cent, on the ordinary shares compares with 3 per cent, for the previous year. „-.„. Net profits last year were £14,535 and £11,128 was then brought forward. ■ ■■■■'•
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https://paperspast.natlib.govt.nz/newspapers/EP19371105.2.139.25
Bibliographic details
Evening Post, Volume CXXIV, Issue 110, 5 November 1937, Page 12
Word Count
193PROFITS INCREASE Evening Post, Volume CXXIV, Issue 110, 5 November 1937, Page 12
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