COMMERCE AND FINANCE
INCREASED PROFIT WILSONS PORTLAND CEMENT Daily Times Special Service AUCKLAND. May 29. The net profit of Wilsons (NZ) Portland Cement, Ltd., for the year ended March 31 rose by £13,734 to reach the highest level for nine years at £47,190. This result is reached after providing £20,180 more for tax at £66,265, and £2024 more for depreciation at £25,538. The dividend, which is raised from 4 7-12 per cent, to 5 per cent., is at the best rate since 71 per cent, was paid in 1941, and it requires £30,000. The carry-forward i s increased by £17,190 to £71,233 The profit from the sale of cement and lime, after provision for depreciation and all expenses except taxation, rose sharply by £36,849 to £82,622. Other income, including interest, dividends, rents and royalties, was £3665 lower at £30,950.
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Otago Daily Times, Issue 27093, 30 May 1949, Page 7
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139COMMERCE AND FINANCE Otago Daily Times, Issue 27093, 30 May 1949, Page 7
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