Burns Philp And Co.
Rec. 7 p.m. SYDNEY, May 6. Burns. Philp and Co. made £302,734 net profit for the year ended March 31. The profit for the previous year was £288,123. The dividend is raised from Hi per cent, to 12i per cent., absorbing £250,000. The gross profit was £2,295,340, compared with £2,133,983 the previous year Depreciation took £208,533. against £198,780. The directors say that merchandise turnover rose, but higher wages and general working expenses more than absorbed the additional revenue. They say that the profitable operation of the company's fleet presents a major problem, because of rises in operating costs and recurrent delays in Australian ports.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19500508.2.18
Bibliographic details
Otago Daily Times, Issue 27383, 8 May 1950, Page 3
Word Count
108Burns Philp And Co. Otago Daily Times, Issue 27383, 8 May 1950, Page 3
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.