McKENZIE’S STORES, LTD.
DIVIDEND AND BONUS A final dividend of 5 per cent., free of social security tax, making 10 per cent, for the year, and a bonus payment of 2i per cent., also free of social security tax, are recommended by the directors of McKenzie’s Department Stores. Ltd., in their annual report. During the year, says the report, all the subsidiary companies operated successfully, the result being a net profit, alter reserve for taxation, of £77,770. With the amount brought forward from the 1947 accounts, this gives a total of £188,474, from which dividends and bonus require £62,500, leaving £125,974 to be carried forward to next year’s accounts. The annual meeting will be held in Wellington on June 16.
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Bibliographic details
Otago Daily Times, Issue 26780, 25 May 1948, Page 7
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120McKENZIE’S STORES, LTD. Otago Daily Times, Issue 26780, 25 May 1948, Page 7
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