PROFIT LIFT BY NIVEN
Dividend Also Higher (N.Z. Press Association) WELLINGTON, July 22. Net profit of Jas. J. Niven and Company for the year to March 31 was £137,995, against £121,123 the year before. Result is after providing £38,260 (£42,530) for depreciation and £137,500 (£121,250) for tax. Dividend, raised from 9 to 10 per cent, takes £78,000 (£70,200), and is covered 1.8 times (1.7 times). Paid capital is unchanged at £780,000. Reserves are £691,502 (£631,194), making shareholders' funds £1,471,502 (£1,411,194). Current assets are £1,332,935 (£1,090,722), current liabilities £580,722 (£344,657), fixed assets £679,394 (£625,234), and investments £39,895 (£39,895).
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https://paperspast.natlib.govt.nz/newspapers/CHP19660723.2.181.10
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Press, Volume CVI, Issue 31119, 23 July 1966, Page 18
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97PROFIT LIFT BY NIVEN Press, Volume CVI, Issue 31119, 23 July 1966, Page 18
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This newspaper was digitised in partnership with Christchurch City Libraries.
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