ASSOCIATED MOTORISTS’ PETROL CO., LTD.
Net profit of Associated Motorists Petro: Company, Limited, for the year ended March 31, was 20.017, equal to 1882 per cent, of turnover. In the previous year a surplus of £63,530 was shown, he amount included total stocks reserve, after provision for income tax. and the surplus was thus in excess cf the trading profit which was not disclosed. The directors propose a dividend of 10 per cent, on both preference and ordinary shares less security taxes. This will absorb £14,4g5, leaving £1572 to be added to the floating balance, which will be increased to £10,179. In 1940 no cash dividend was paid on ordinary shares. £50,000 representing accumulated profits aavilable for dividend being distributed among ordinary shareholders in payment in ful) of 50,000 ordinary shares of £1 each. Present capital is 75,000 ordinary shares and 129,950 preference shares of £1 each. In 1939 ordinary shareholders received a dividend of 150 per cent. Sales for the past year yielded £1 .'>63.551. compared with the record total of £1.155,h25 in 1940. Taxes and duty absorbed £580,802.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19410721.2.112
Bibliographic details
Wanganui Chronicle, Volume 85, Issue 169, 21 July 1941, Page 8
Word Count
180ASSOCIATED MOTORISTS’ PETROL CO., LTD. Wanganui Chronicle, Volume 85, Issue 169, 21 July 1941, Page 8
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in