PROFIT LIFT BY U.D.C.
Increase To £133,078 Consolidated tax-paid profit of United Dominions Corporation Finance in the year to March 31 was £133,078 compared with £120,401 the year before—on shareholders’ funds of £1,624,269. Provision for taxation was increased by £16,225 to £127,050. Dividend remains unchanged at 9 per cent and takes £90,000. Advances, debtors and investments increased from £4,981,000 to £6,354,000 and total assets from £5,362,062 to £6,744,107. This includes industrial advances of £648,000 (far longer terms than usually provided by U.D.C.) in the books of the wholly-owned subsidiary, Credit for Industry (N.Z.), Ltd.
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Press, Volume CVI, Issue 31085, 14 June 1966, Page 21
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94PROFIT LIFT BY U.D.C. Press, Volume CVI, Issue 31085, 14 June 1966, Page 21
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