N.Z. NEWSPAPERS, LTD.
SLIGHT INCREASE IN PROFITS
New Zealand Newspapers, Limited, Auckland, earned net profit of £49,053 in the year ended March 31, 1938, compared with £48,006 in the previous period. Dividend, which a final of 8d a share brings to Is 4d for the full year, is at 8 per cent, per annum, compared with Is 3d a share, or 7£ per cent., a year ago. The directors' report states that the amount brought forward was £28,985, which, together with the net profit, gives £78,038, from which £19,917 was paid in interim dividend, leaving £58,121 available. Final dividend recommendation will require £19,917, leaving £38,204 to be carried forward. The retiring directors, Messrs. E. Anderson and W. H. E. Flint, are eligible for re-election. Gross profit was £134,265 against £112.998 last year. The balance-sheet items are as follows:—
Year ended March 31. 1937. 1038. Liabilities— Paid capital 497,917 497,917 Reserve account 05,000 75,000 Machinery obsolescence account — 10,000 Sundry creditors and taxation provision . 50,349 64,227 Profit and loss 58,902 58,121 Assets— Land and buiidinRS 171,767 172,481 Machinery and plant .. 137,204 135,014 Copyright, etc 120,000 120,000 Stock 96,148 84,772 Sundry debtors 50,417 62 677 Shares in subsid. co. .. 19,500 19,000 Investments 61,268 91,016 Cash and bank 15,376 19,705
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https://paperspast.natlib.govt.nz/newspapers/EP19380510.2.120
Bibliographic details
Evening Post, Volume CXXV, Issue 108, 10 May 1938, Page 14
Word Count
206N.Z. NEWSPAPERS, LTD. Evening Post, Volume CXXV, Issue 108, 10 May 1938, Page 14
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