COMMERCIAL BANK OF AUSTRALIA
A net. profit of £300,798 for the year ended June 30 gave the Commercial Bank of Australia, Ltd., its best result since 1931, when net earnings were £308,450, and. ordinary dividend HI per cerit. The past year’s profit was an increase of £17.624, and covered total appropriations of £299.694 by £llO4. which increased the carry forward to £124,900. Dividend, as already announced, was raised from 8 to 9 per cent., requiring £IBO,OOO, against £160,000. Other appropriations were the Gross profit was £2,368,860, an increase of £388,521. Expenses rose by £304,932 to £1,708,911. Taxes required £359,151. an increase of £56,965.
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Bibliographic details
Otago Daily Times, Issue 26848, 12 August 1948, Page 7
Word Count
103COMMERCIAL BANK OF AUSTRALIA Otago Daily Times, Issue 26848, 12 August 1948, Page 7
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