DIVIDENDS ANNOUNCED
AUSTRALIAN COMPANIES fPiir Pross Association.) WELLINGTON, last night. The Stock Exchange has received the following' cabled advices: — Elder Smith Limited has declared a final -dividend of ?,l per cent, payable on September 1, making a total of 7 per cent for the year. Broken Hill South. Limited, has declared a dividend of (id a share, payable at Melbourne on September 15. The Victoria Racing Club's annual report discloses that the profit for the 12 months ended June 30 amounted to £20,727.
RECORD FOR AUSTRALIA I WOKEN HILL 'PROFITS SYDNEY, July 30. The Broken Hill Proprietary Company, Limited, in a preliminary statement, reports a net profit of £1,300,4110 for the year ended May 31, compared
with £1,183,171 for the previous year. The profit was struck after providing £709.954 for depreciation and £12,043 for debenture interest. The dividend for the year was at the rate of 121 per cent. The Daily Telegraph says that Broken Hill’s profit was the highest ever earned by a public company in Australia.
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Bibliographic details
Poverty Bay Herald, Volume LXV, Issue 19697, 1 August 1938, Page 13
Word Count
168DIVIDENDS ANNOUNCED Poverty Bay Herald, Volume LXV, Issue 19697, 1 August 1938, Page 13
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