Buoyant Trading 1 Year In N.Z., Australia
[Special to “Northern Advocate "] AUCKLAND, This Day
Bonds Hosiery Mills (N.Z.) Wellington, report a net profit of £6158 for the year ended January 19, .against £6134 in 1940 and £4264 in 1939. Dividend is maintained at 10 per cent, requiring £SOOO, and £1561 is transferred to general reserve, increasing it to £3OOO. leaving £2856 to be carried forward against £3259 brought in.
A record profit of £382,416 is reported by Australian Iron and Steel for the year ended November 30. Preference dividend at the statutory reduced rate of £5/16/3 per cent for the 12 months to May 1. 1941, absorbs £58.124 and £493.979 is carried forward, compared with £169,687 brought in.
The final accounts of Woolworths (Sydney) confirm the results published in the preliminary statement, net profit for the year ended January.3l being £282,566, an increase of £9644. Of the final ordinary dividend of 11 per cent, 33 per cent is payable exclusively from tax-free reserve. The total year’s dividend is unchanged at 17i per cent.
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Northern Advocate, 17 March 1941, Page 7
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173Buoyant Trading1 Year In N.Z., Australia Northern Advocate, 17 March 1941, Page 7
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