INCREASED PROFITS
FARMERS’ TRADING CONCERN DIVIDEND - PROPOSED. Per Press Association CHRISTCHURCH, September 21. The annual report of the directors of the New Zealand Farmers Co-op Association contains the following: “The confident anticipations expressed last year have been fulfilled, and we feel that the accounts now presented to you will bo considered satisfactory. The gross profit amounted to £224,531 los as against £191,281 5s lOd last year, an increase of £33,250 9s 2d. The net profit upon the. trading operations amounted to £60,183 17s lOd from which has been deducted the cost of' irenovations and alterations to the premises. Any bad debts dealt with during the year have been written out of profits, thereby leaving our reserve for doubtful accounts intact. In fact it has been increased to £45,000. Presuming the proposal for a reduction of capital, etc., as recently submitted to the shareholders and which was carried by an overwhelming majority is confirmed, it is proposed to pay a six months’ dividend to preference shareholders.
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Bibliographic details
New Zealand Times, Volume LII, Issue 12249, 22 September 1925, Page 7
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165INCREASED PROFITS New Zealand Times, Volume LII, Issue 12249, 22 September 1925, Page 7
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