PROFIT SUP BY LANE’S
Disappointing Year Lane’s Industries, Levin hosiery makers, had a “disappointing year” according to the chairman, Mr H. P. Knight, and consolidated net profit fell from £36,145 to £31,344 in the year to March 31, a decline of 13.3 per cent. The result was after depreciation £1045 higher at £30,311 and tax lower at £27,681 from £31,780. Steady dividend of 12 per cent takes £21,600 and is covered 1.5 times by this year’s profit. Carry-forward is £21,699 against £16,329 brought in. Capital is steady at £lBO,OOO in 5s ordinary shares, but shareholders’ funds rose from £250,098 to £257,618. Earning rate on capital fell from 20.1 per cent to 17.1 per cent and on shareholders’ funds from 14.5 per cent to 12.2 per cent.
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https://paperspast.natlib.govt.nz/newspapers/CHP19660712.2.217.8
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Press, Volume CVI, Issue 31109, 12 July 1966, Page 21
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126PROFIT SUP BY LANE’S Press, Volume CVI, Issue 31109, 12 July 1966, Page 21
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