WALTONS CREDIT
Distribution Increased (N.Z. Press Assn.—Copyright) MELBOURNE, June 5. Waltons Credit Corporation has lifted interim distribution from 300,000 dollars to 400,000 dollars after a further profit increase in the six months to January 31. This is revealed in the bal-ance-sheet released by the Companies Registration Office yesterday. Profit for the period rose from 385,658 dollars to 444,734 dollars. In the previous full year to July, profit rose from 767,124 dollars to 854,924 dollars. Dividend was lifted from 6 per cent to 10 per eent. The latest interim dividend is equal to a rise from 4.1 per cent to 5.7 per cent on the unchanged capital. Profit was struck after i 331,300 dollars (288,612 dollars) taxation and 1,749,409 dollars (1,553,932 dollars) inI terest.
Paid capital of 7m dollars is held by Waltons, Ltd. Balance-sheet shows that at January 31 the company had current assets of 29.133,702 dollars (27,150,276 dollars). Current liabilities were 3,058,290 dollars (3,169,752 dollars).
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Press, Volume CVI, Issue 31079, 7 June 1966, Page 17
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156WALTONS CREDIT Press, Volume CVI, Issue 31079, 7 June 1966, Page 17
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