SATISFACTORY BUSINESS.
FARMERS' TRADING COMPANY SIX MONTHS' PROFIT OF £25,000. The steady improvement in the position of the farming community of the Auckland Province is reflected in the business operations of the Farmers' Trading Company lor the six months ended September 30, which covers the first half of the company's financial year. The company reports that, in spite ol the depression that has been general throughout the Dominion, business has been satisfactory There was a profit of over £25.000 for the six months, thus maintaining tb- .*a«e of last year, when the profit for 12 months was £50,000. As the total amount necessary for the full year's dividend is less than £20,000, the company had again earned in six months more than ja year's dividend on all classes of shares. With the profit carried forward from last year, there was now sufficient in the profit and loss account to pay two years' dividends. As the company's operations extended over a wide field, covering manufacturing, importing, wholesale and retail distributing, through 42 branches, the results of the six months' trading might bp regarded as .an indication of the recuperative powers of the province.
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Bibliographic details
New Zealand Herald, Volume LXIV, Issue 19777, 26 October 1927, Page 9
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192SATISFACTORY BUSINESS. New Zealand Herald, Volume LXIV, Issue 19777, 26 October 1927, Page 9
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