PROFITS DECLINE
FARMERS' FREEZING WORKS
Reduced earnings are recorded in the accounts of the Auckland Farmers' Freezing Co., Ltd., for the year ended June 30. Net profit for the year, after making full provision for depreciation and income tax, was £23,285, a decline of £7475 from the previous year, when the earnings were a record. The year's dividend is unchanged at 6 per cent., requiring £15,228; £10,000 is to be added to the general reserve, leaving £3357 to be carried forward, against £5300 brought in. The report states that in the aggregate stock killings were maintained on about a' par with those of the previous year. Increases were made in cattle, vealer calves, and sheep, while fewer lambs, pigs, and bobby calves were killed. Butter receipts were less, but cheese and fruit increased.
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https://paperspast.natlib.govt.nz/newspapers/EP19380823.2.131.14
Bibliographic details
Evening Post, Volume CXXVI, Issue 46, 23 August 1938, Page 12
Word Count
133PROFITS DECLINE Evening Post, Volume CXXVI, Issue 46, 23 August 1938, Page 12
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