PROFITS INCREASE
WOOLWORTHS HOLDINGS, LTD.
A net profit of £99,967 is x-eported by Woolworths Holdings, Ltd., a South African company holding shares in chain store organisations, for the year ended May 31. Though the accounts cover a period of eight months, a full year's dividends from the subsidiaries were taken into the accounts. The profit compares with £79,233 for the previous year.
Preference dividend for eight months at the ratt. of 6 per cent, per annum requires £9200. A fulUyear's ordinary dividend of 10 per cent., an unchanged rate, amounts to £34,500. Transfer to reserve is £15,000 s and £67,007 is carried forward, against £25,740 brought forward.
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https://paperspast.natlib.govt.nz/newspapers/EP19401030.2.99.3
Bibliographic details
Evening Post, Volume CXXX, Issue 105, 30 October 1940, Page 10
Word Count
107PROFITS INCREASE Evening Post, Volume CXXX, Issue 105, 30 October 1940, Page 10
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