ICE CREAM PROFITS LOWER
The accounts of the Robinson Ice Cream Company, Limited, for the year ended April 30, show a net profit of £3329, compared with £5480 in the previous year and £3559 in 1936-37. The directors recommend a dividend of 7 per cent, per annum, as against / 8 per cent, in the previous year. The profit is struck after providing £4795 for depreciation and £760 for additional taxation. "The dividend requires £2520. The Teport states triat the inclemency of the weather, which was detrimental to business until late in February, and increased costs of. labour and raw materials, together with new taxation, accounted for the reduced profits. Turnover,- however, was satisfactorily maintained. New plant costing £7000 has been acquired to cope with increased turnover, which has doubled in the last few years, and further plant and factory extensions have been decided upon, the work to be carried out during the winter.'
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Evening Post, Volume CXXVII, Issue 131, 6 June 1939, Page 12
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153ICE CREAM PROFITS LOWER Evening Post, Volume CXXVII, Issue 131, 6 June 1939, Page 12
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