Zinc Corporation, Ltd.
Consolidated Zinc Corporation. Ltd., will pay a final ordinary dividend for 1949 of 1= 10Jd sterling a share, less United Kingdom tax, making 2s Gd sterling for the year. The year's rate is equivalent to 10s sterling a share or stock unit paid bv Zinc Corporation. Ltd., for 1948. i. Consolidated profit from incorporation on February 2, 1949. to December 31, including subsidiaries’ profits for a full yeai is £3,304.846. after allowing for minority interests' share of £148,583, and for depreciation £427.537. United Kingdom tax provision is £2.077,727, and pre-acaui-sition profits of subsidiaries are £288,547 Amount available for distribution is then £938.572. Dividends, including 41 per cent, preference. total £493.195, and £262,074 is placed to general reserve, leaving £133.303 to carry forward The final ordinary payment for 1949 ana the 1950 interim preference dividend of 2j per cent., less British income tax, will be made on July 1, ex May 22.
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Bibliographic details
Otago Daily Times, Issue 27391, 17 May 1950, Page 9
Word Count
154Zinc Corporation, Ltd. Otago Daily Times, Issue 27391, 17 May 1950, Page 9
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