COMMERCIAL
REID RUBBER COY. (Per Press Association.) WELLINGTON, this day. Reid New Zealand Rubber Mills Limited report that a net profit of £10.140 was made for the year ended September 30. after providing £19,300 for taxation. A dividend of 7 per cent is recommended on nil shares on amounts paid up from time to time. The dividends will not accrue on amounts carrying interest as calls paid in advance. The gross profit was £57,831. The report states that large additions to the plant havAt I,een made to cope with the increased business. Owing to rising costs the increased net return is not proportionate to the expansion in the turnover.
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Bibliographic details
Gisborne Herald, Volume LXVIII, Issue 20634, 9 December 1941, Page 10
Word Count
109COMMERCIAL Gisborne Herald, Volume LXVIII, Issue 20634, 9 December 1941, Page 10
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