WOOLWORTHS HOLDINGS
INCREASE IN PROFIT A net profit of £99,967 is reported by Woohvorths Holdings, Limited, South Africa, for the year ended May 31. Though the accounts cover a period of eight months, a full year’s dividends from subsidiaries were taken into the accounts. The profit compares with £79,233 for the previous year. Preference dividend for eight months at the rate of G per cent per annum requires £9200. A full year’s ordinary dividend of 10 per cent, unchanged, amounts to £34,500. Transfer to reserve is £15,000, and £67,007 is carried forward, against £25,740 brought forward.
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Bibliographic details
Gisborne Herald, Volume LXVII, Issue 20385, 23 October 1940, Page 12
Word Count
96WOOLWORTHS HOLDINGS Gisborne Herald, Volume LXVII, Issue 20385, 23 October 1940, Page 12
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