FARMERS' TRADING GO.

New Zealand Herald, Volume LXIII, Issue 19221, 9 January 1926, Page 11

FARMERS' TRADING GO.

PROGRESS MAINTAINED. BIG INCREASES FOR QUARTER. Since the Farmers' Trading Company cleared its balance-sheet of all losses by writing down its capital last year the growing confidence of shareholders and customers has been manifested by steady and substantial increases in business. The first six months of the company's financial year, ending September 30, showed a net profit of £23,000 (after allowing for all depreciation on wasting assets), and an increase in sales of £30,000 over the corresponding six months of the previous year. The third quarter finishing on Decem\ber 31 showed an even more rapid rate of progress, as the sales for the three months at the Auckland warehouse, apart from branches altogether, were £25,000 in excess of the three months ending December, 1924. The sales for December itself created a record for the company. The second half of the financial year—being the summer period when milk cheques are plentiful-*-has always been more prosperous for the Trading Company than the half-year ending September, and this year is evidently going to be no exception, If the last quarter of the financial year ending March 31 registers the same rate of progress, officials of the company feel that a good balance is assured and that shareholders will be well satisfied with the results of the year's trading.