F. W. WOOLWORTH PROFITS
F. W. Woolworth and Co., Ltd., London, chain store proprietors, while maintaining the final dividend . on the £7,500,000 ordinary capital at 35 per cent., raised its bonus to 20 per cent, for the year ended December 31, against 10 per cent, for 1945. As the iterim dividend was increased from 10 to 15 per cent., this makes a total distribution of 70 per cent., less tax, compared with 55 per cent, for 1945 and 45 per cent, for 1944. Profits for the year to December 31 jumped £1,898,910 to the record figure of £9,148,357. The balance is struck after Charging all expenses, but before providing for taxation. Provision for taxation to date is increased by £417,180 to £3,571,474, and provision against future taxation is £1,000,000 higher at £2,000,000.
The company’s 5s ordinary shares were priced at £5 6s 9d on the day the dividend was announced.
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Bibliographic details
Otago Daily Times, Issue 26413, 18 March 1947, Page 7
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150F. W. WOOLWORTH PROFITS Otago Daily Times, Issue 26413, 18 March 1947, Page 7
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