BYCROFTS LIMITED
DIVIDEND MAINTAINED. A net profit of £10,316, a reduction of £483, is shown in the accounts of flycroft Limited for the year ended March 31. The directors recommended a final dividend of 4 per cent., making 8 per cent, for the year. The rate is unchanged, but the dividend is paid on a paid-up capital of £125,000, agaizt £lOO,OOO last year, and requires £lO,000, against £BOOO. The profit was struck after making the usual provision for depreciation, income tax, bad debts, etc. The report states that the period of the accounts cover a complete years of trading as flourmillers under the Wheat and Flour Regulations, 1936, owing to the altered conditions many readjustments have been necessary. Trading conditions showed evidence of an increasing demand for the company’s products, and in some respect offset the difficulties of restriction of hours and other changes affecting the conduct of a manufacturing business.
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Bibliographic details
Wanganui Chronicle, Volume 80, Issue 126, 29 May 1937, Page 6
Word Count
151BYCROFTS LIMITED Wanganui Chronicle, Volume 80, Issue 126, 29 May 1937, Page 6
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