R. AND E. TINGEY
Profit Again Near Peak i f.V.Z. Press Association > WELLINGTON, July 21. ! In spite of increased overI heads the group net profit of 111. and E. Tingey and Company was the second highest on record, say the directors in their report for the year to March 31.
The net result was £74,092 compared with £77,862 last year which was the highest figure on record. As announced, a steady ordinary dividend of 8 per cent is being ’ paid, requiring £40,000, and is covered 1.8 times. Consolidated balance-sheet figures show total shareholders’ funds £1.002,665 compared with £973,823 in the previous year. Minority shareholders’ interest is £8385 (£13.692) while fixed term liabilities total £139,336 (£159,713). Current liabilities are £565,520 against £508,791. Fixed assets total £624,208 (£604,083), goodwill of £38,752 compares with £41,818, investments at cost £110,396 (£119,935) and current assets rose from £890,183 to £942,550.
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Press, Volume CVI, Issue 31118, 22 July 1966, Page 14
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145R. AND E. TINGEY Press, Volume CVI, Issue 31118, 22 July 1966, Page 14
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