PROFITS IN AIRCRAFT.
The aircraft industry as an investment has necessarily not yet assumed the importance of motor-car manufacture, but its popularity is no doubt increasing. Profits made by certain British companies appear to be encouraging. The Fairey Aircraft Company, Ltd., largely increased its turnover last year, and its profit of £170,000 showed an increase over that of 1929 of £5000, notwithstanding lower prices. A dividend' of 7 per cent, was paid, £40,000 was written off patents and designs, and £30,000 was applied to initiating a general reserve. The De Haviland net profits were £36,500, as against £48,700 for 1929, when the dividend was 10 per cent.; for 1930 it was 5 per cent. But £15,000 was added to the reserve and overseas subsidiaries were written down by £32,600. Generally, the British aircraft industry is doing well in face of very strong foreign competition, and from an investment point of view the industry, in spite of bail times, appears to be on a souiifl financial footing.
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Evening Post, Volume CXI, Issue 35, 11 February 1931, Page 12
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166PROFITS IN AIRCRAFT. Evening Post, Volume CXI, Issue 35, 11 February 1931, Page 12
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