Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image

LINES BROS. N.Z.

Record Net Profit

(N.Z. Press Association) AUCKLAND, June 9.

Lines Bros. (N.Z.) reached a net profit record at £48,614, for the year ended December 31, last after £40,766 for tax, against £38,203 the year before, and depreciation of £25.477, a rise of £4941. Earning rate increased from 8.8 per cent to 10 per cent on shareholders’ funds, higher by £23,889 at £485,702. Directors recommend unchanged distribution of £25,000 on ordinary shares, with an 8 per cent dividend, equivalent to the 10 per cent dividend before the one-for-four bonus issue last year which increased the paid capital from £250,000 to £312,500. An unchanged transfer of £15,000 to general reserve leaves a balance to be carried forward of £49,185 against £40,296.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/CHP19660610.2.207

Bibliographic details
Ngā taipitopito pukapuka

Press, Volume CVI, Issue 31082, 10 June 1966, Page 15

Word count
Tapeke kupu
122

LINES BROS. N.Z. Press, Volume CVI, Issue 31082, 10 June 1966, Page 15

LINES BROS. N.Z. Press, Volume CVI, Issue 31082, 10 June 1966, Page 15

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert