MYER EMPORIUM TURNOVER.
The volume of sales of Myer Emporium Ltd., Melbourne, for the year ended July 31 was larger than in any previous year, and profit rose from £376,011 in the preceding year to £379,369. Provision for taxation took £60,000 compared with £55,000 in the preceding year, leaving a sum of £319,369, compared with £321,011. After paying the 9 per cent, preference dividend of £56,990 there remained £260,379. Ordinary distribution is maintained at 9 per cent, (interim 3, final 3, and bonus 3 per cent.), requiring £155,250. The directors propose to transfer £20,000 to a reduction of property account, to •transfer £5000 to staff superannuation fund, and £50,000 to general reserve.
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https://paperspast.natlib.govt.nz/newspapers/EP19380928.2.113.25
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Evening Post, Volume CXXVI, Issue 77, 28 September 1938, Page 16
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112MYER EMPORIUM TURNOVER. Evening Post, Volume CXXVI, Issue 77, 28 September 1938, Page 16
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