MOUNT LYELL RESULTS
Reduction In Dividend The Mount Lyell Mining and Kailway Company, Ltd., has advised the Stock Exchange Association that a dividend of 1/3 a share in Australian currency has been declared out of the profits for the year ended September 30. The dividend is payable on December IS. Transfer books will close on November 22. Net profit for the year is shown at £183,095, after writing off £28,489 for prospecting development, £64,446 for depreciation, and £50,018 for taxation. The dividend of 1/3 a share, equivalent to 61 per cent., compares with 1/6, or 7-1 per cent, for the two preceding years. Figures for the last three years compare
as follows 1938. £ 1939. £ 1940. £ Net protit . 130.830 161.189 183.095 Prospecting devel. and depreciation 73,556 91,186 92,935 Taxation 19,283 37,601 50,01S Dividend, per share 1/6 1/6 1/3
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Dominion, Volume 34, Issue 42, 13 November 1940, Page 12
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137MOUNT LYELL RESULTS Dominion, Volume 34, Issue 42, 13 November 1940, Page 12
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