N.Z. Newspapers, Ltd.
The accounts for the year of New Zealand Newspapers, Ltd., show an increase in net profit from £55,691 to £62,944. Gross profit, including increase from investments, at £216,247, is £10,802 higher than the previous year. Dividend of Is 8d a share (final of 8d plus bonus of 4d) accounts for £49,792, against £39,833 for a total distribtuion of Is ,8d a share last year, and carry-forward will be £66,699, against £53,546 brought in. The general reserve stands at £120,000, and the machinery obsolesence credit, at £60,000, shows an increase of £ IQ,OOO. Stocks are listed at £187,133, against £151,291, investments are £176,786 (£239,707), and cash in bank, etc., £101,780 (£76,000). The balancing total is £930,345, against £894,342 a year ago.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19490517.2.109
Bibliographic details
Otago Daily Times, Issue 27082, 17 May 1949, Page 7
Word Count
122N.Z. Newspapers, Ltd. Otago Daily Times, Issue 27082, 17 May 1949, Page 7
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