Company News NATIONAL TRADING
Profit Down 40p.c. (It J!. Press Association) WELLINGTON, May 11. The net profit of the National Trading Company of N.Z, Ltd., Auckland, fell £OOlO, or 39.8 per cent, to £10,098 in toe year ended January 31. The latest result represents an earning rate of 2.7 per cent on shareholders’ funds or £388,281, compared with 4.4 per cent last year on funds of £374,040, ft was reached after providing tax of £10,400, against £15,858 last year, and depreciation £720 lower at £7655. The company Incurred a capital loss of £376 during the year. In 1900 the sale of land and buildings returned a capital profit of £4469. Dividend Steady The unchanged 8 per cent, dividend again took £16.000. No other appropriations were made, and the carry-forward was reduced from £38.587 to £32,219. Gross profit from trading, at £29,807, was £9291 below the 1980 figure of £39.098. Income from interest and dividends rose by £224 to £385. while interest and profits from subsidiaries fell from £18,320 to £15,500. ■Expenses rose b'y £1099 to £13,797 and interest on deports, mortgages and overdraft fell from £4004 to £3807.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19610512.2.200
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume C, Issue 29511, 12 May 1961, Page 17
Word count
Tapeke kupu
188Company News NATIONAL TRADING Press, Volume C, Issue 29511, 12 May 1961, Page 17
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in