COMMERCIAL
DIVIDEND 7 PER CENT FARMERS' TRADING CO. A net profit of £75,997 Is shown in accounts of the Farmers’ Trading Company, Limited, for the year ended March 31. This result is struck after providing £160,000 as reserve for income tax and national and social security taxes. In presenting the accounts in this form the company has adopted a new procedure in keeping with modern practice, and in consequence there is no basis for direct comparison with the published results of previous years. The directors recommend the usual dividend of 7 per cent on ordinary shares, in addition to which fixed dividends of 5 3-5 per cent on A and B preference, and 5 per cent on C preference shares will be paid on May 31. The total . dividend requirements absorb practically the same amount as in the previous year at £51.720.
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Bibliographic details
Gisborne Herald, Volume LXVIII, Issue 20568, 30 May 1941, Page 10
Word Count
142COMMERCIAL Gisborne Herald, Volume LXVIII, Issue 20568, 30 May 1941, Page 10
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