BURNS PHILP AND CO
10 PER CENT DIVIDEND. An increase in business is shown by Burns. Philp and Co. Ltd., shipownci s and merchants, for the year ended March 31. Gross profits were £097,076, which contrasts with £684,041 in the previous year. Working expenses Were £383,750, or slightly more than in the proceeding term. Depreciation totalled £108,736, and the balance at revenue account at the end of the term was £204,589, compared with £206,385 in 1'926. The balance brought forward was £31,385. The sum of £75,000 has been transferred to reserve, against £50,000 in 1926, making that fund £575,000. The dividend is again 10 per cent,, and absorbs £137,500, leaving £23.474 to be carried forward. The directors in their report state' that merchandise, shipping, and agency operations during the year- showed further advancement. The outlook of the current term did not promise a marked improvement, but the board hoped to be able to report some further progress.
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Manawatu Times, Volume LII, Issue 3614, 15 September 1927, Page 9
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157BURNS PHILP AND CO Manawatu Times, Volume LII, Issue 3614, 15 September 1927, Page 9
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