INCREASED PROFIT
Donaghy’s Rope And Twine Co.
The directors of Donaghy’s Rope and Twine Company, Ltd., report that net profit for the year ended March 31, 1940, was £10,128, to which is added £33(w brought forward from last year. lue interim dividend of 9d. a share, paid in October, took £3225, leaving £10,268 available for distribution. . The directors recommend a final, dividend of 1/3 a share, taking £5375, and making a total of 2/- a share, or 10' per cent, for the year. The balance of £4893 is carried forward. , A sum of £5170 has been written oft buildings and plant. . Results and appropriations for tlie last three years compare as follows : —•
1938 £ 1939 £ 1940 £ Net profit 4,229 8,655 10,128 Brought forward 3,746 2,835 3,36o 7,975 11,490 13,493 Div. p.c ss io *10 Div. amount ... 5,140 7.125 *8.600 Development ac. Carry forward . 2,835 1,000 3,365 4,893 *On increased capital.
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https://paperspast.natlib.govt.nz/newspapers/DOM19400507.2.101.8
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Dominion, Volume 33, Issue 189, 7 May 1940, Page 10
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149INCREASED PROFIT Dominion, Volume 33, Issue 189, 7 May 1940, Page 10
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