PROFITS REDUCED
FARMERS' AUCTIONEERING COMPANY
(By Telegraph—Press Association.) AUCKLAND, September 21. The annual accounts of the Farmers' Co-operative Auctioneering Company, Ltd., Hamilton, show net profits for the year ended July 31 at £51,602, compared with £60,532 for the previous year. Preference sharenolders have received the usual 6 per cent, dividend, subject to the 20 per cent, statutory re-! duction. The directors now recommend payment of a dividend of 6 per cent, on the ordinary shares, which is an unchanged rate. ! Turnover" for the year dropped to' £1,892,719 from £2,221,110 and gross profits to £166,131 from £174,405. J Against assets totalling £592,477, out-! jside liabilities are £29,264, a percentage |.of less than 5 per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19390922.2.81.19
Bibliographic details
Evening Post, Volume CXXVIII, Issue 72, 22 September 1939, Page 10
Word Count
114PROFITS REDUCED Evening Post, Volume CXXVIII, Issue 72, 22 September 1939, Page 10
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