G. J. COLES, LTD.
A decline in net earnings of £4879 to £197,093 is shown in the accounts of G. J. Coles, Ltd., Melbourne, retailers, for the year ended June 30. Profit is reached after providing for taxation and £98,871 for depreciation, £18,014 more than in the previous year. Dividends are the same at 8 per cent, preference and 12 per cent, ordinary, requiring £166,982 and £30,000, a reduction of £SOOO, is placed to reserve fund, which is brought up to £392,354. Trading profits for the year showed a fall of £6532 from £198,868 in 1945-46.
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Bibliographic details
Otago Daily Times, Issue 26540, 15 August 1947, Page 7
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96G. J. COLES, LTD. Otago Daily Times, Issue 26540, 15 August 1947, Page 7
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