Anthony Hordern Earns £210,456
Consolidated net profit of Anthony Hordern and Sons. Ltd., Sydney, retailer, was £210.456 for the year to February 22. A preliminary report states that no comparison is available with the previous year as this is the first time consolidated accounts have been prepared by the company. In 1959-60 the parent company earned a net profit of £196,494 after tax provision of £116.000 and depreciation of £58,000. Latest result is after tax provision of £120,000 and deduction of pre-acquisition profits. Ordinary dividend is maintained at 8 per cent, including a final 4 per cent Business Personal Mr H. R Davis, manager of Associated Electrical Industries (N.Z.), Ltd., has been appointed to the board of directors.
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Press, Volume C, Issue 29518, 20 May 1961, Page 16
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118Anthony Hordern Earns £210,456 Press, Volume C, Issue 29518, 20 May 1961, Page 16
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