FINAL DIVIDEND
McKENZIE’S DEPARTMENT STORES, LTD. LARGE SUM CARRIED FORWARD. Wellington, May 13. The directors of McKenzie's Department Stores, Ltd., recommend a final dividend of 5 per cent., making 10 per cent, for the year, compared with 14 per cent, for the preceding 12 months. Profits carried forward from 1940 totalled £116,070, less £35.000 dividend paid in in June and £17,738 additional taxes since paid for the year ended March 31, 1940, leaving a balance of £63,332. Profits for the year ended March 31. 1941, totalled £89,052, less £25,364 in dividends paid in December and plus £566 excess of receipts over expenses in the profit and loss account leaving available £64.253. The final dividend will require £25,000. leaving a total to be carried forward of £102,584.
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Bibliographic details
Wanganui Chronicle, Volume 85, Issue 111, 14 May 1941, Page 8
Word Count
126FINAL DIVIDEND Wanganui Chronicle, Volume 85, Issue 111, 14 May 1941, Page 8
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