THE CHOCOLATE TRADE.
The extraordinarily heavy cost 6t cocoa beans used in production during the year ended December 31 last was the main cause of the loss of £9623 suffered by Hoadley's Chocolates, Ltd.,. Melbourne, said the chairman, Mb. R. A. Rankin. The extra cost of the beans, he said, had involved more than £20 a ton. Competition had been keen, and it had been impossible to secure j increased prices for the company's products. The directors thought that the current year's operations would return a profit. In view, however, of the dislocation of trading caused by the incidence of high costs, which checked any increase in turnover last year, profit for the current year sufficient to ensure resumption of preference dividend was not anticipated, especially in view of the company* overdraft and having regard to th« limited capital available to finance an/ expansion of trading.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19380823.2.136
Bibliographic details
Evening Post, Volume CXXVI, Issue 46, 23 August 1938, Page 12
Word Count
146THE CHOCOLATE TRADE. Evening Post, Volume CXXVI, Issue 46, 23 August 1938, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in