COMPANY AFFAIRS.

Auckland Star, Volume LXXI, Issue 226, 23 September 1940, Page 4

COMPANY AFFAIRS.

SELFRIDGES' RECOVERY. Selfridge's (Australasia). Ltd.. chain stores, Sydney, report for the half year ended July 31, after making full provision for taxation and depreciation, a net profit of £7482. compared with a net loss of £3272 for the half year ended July 31. 1939, an Improvement of £10.754. The directors report "satisfactory improvements in turnover and gross profits." Sales for August were "more than maintained." Stock conditions were difficult following on the practical elimination of certain nonsterling markets, but the company had taken early steps to exploit avenues of supply from Great Britain. The directors add: "We commence the now current half year in a happier merchandise position than was the case last year, so that, provided conditions are reasonably well maintained, we may look forward to improved results for the full year ending January 31, 1941." Satisfactory financial arrangements had been made with the company's bankers. BRICKS AND MORTAR, LTD. Bricks.' and Mortar. Ltd.. Sydney, has advised the Stock Exchange Association that a quarterly dividend of 1% per cent will be p.aid on September 30 Transfer books will be closed from September 27 to 30. inclusive. UNITED PICTURES' DIVIDEND. United Pictures. Limited, has advised the Stock Exchange Association that it is paying a dividend of 4d a share, less social security and national security taxes, to all shareholders registered at noon on September 10. The transfer books will not be closed. BEATH AND CO. PROFITS. CHRISTCHURCH. this day. Beath and Company, Chrlstchurch. earned a net profit of £7815 <n the year ended August 19. 1940, against £6406 the previous year. Gross profit rose sharply from £98,007 to £106.864. but most of the increase was absorbed in additional provision for taxation, which is estimated at £15 117 against the previous figure of £10.299. The divi-de-"-1! "commendation is unaltered at 5 per cent on both ordinary and preference share capital — (Press Asnn.) TOOHEYS' BREWERY PROFITS. A net profit of £ 163.014 was earned by Tooheys. Limited, brewers. Sydney, lor the year ended July 31, an increase of £10.727. Dividend is unchanged at 9 per cent and requires £155.843 on the increased capital Payment to the staff provident fund is £5000 and <??<. £; ma i. ndel V? £ , thc proflt - £2m - 1» added to ?i"'?ii W 1 , 10 ™'] 11 ' to ma >« a surplus of £3..133 carried forward* exge e nler 3 by' aC £ rC i a 0 S 3 e 3 d 77 by to £ i 1 7 4 7J!g,7 tO ™ d DUNLOP-PERDRIAU EARNINGS. v T £? Co . accounts of Dunlop-Perdriau 255". C nrofl? ny fnr Lt f d K- " nd """"diary companies i ?r, ,„n pront for the y ear ended June 30 of £457.492, compared with £450.058 in the year before, and £431.908 In 1937-38. The latest nrom ion tr £?7 6 a 49 er ,or n Vidinß n £ >«■'» taT'Spffi IPJI-.. '■• 6 ' 9 loss on realisation of fixed a«»K fnd 7,6 t 4 a°* a T, r .£ ten °4J f .l° tory rationalisation account and taxation. Of the total profit. £439 598 a record, was earned by the parent company. ' \