WOOLWORTH PROFITS
SYDNEY COMPANY'S YEAR
Wqolworths, Ltd., Sydney, for the year ended-January 31, .shows a- profit of £125,552,' which is £16,764 in advance of the profit for 1932-33, and £28,145 more than for 1931-32. A sum of £40,000 is set aside .as provision for taxation.' Preference dividend of 10 per cent, requires £7500, and of 7 per cent, on the new issue of £100,000 made during the year, £4578.- During the year three dividends each of 3% per cent, were paid on ordinary .shares, and.there are now recommended a final dividend of 8% per cent (making total dividend of 20 per cent), and a.bonus of 5 per cent. Distribution t2\A r, d, ma7 shares wiU then amount to £41,947. After transferring £2000 to the statt provident fund, the balance, £29,526, it is proposed to transfer to the general reserve,- which, together with the reserve account, will then amount to £150,020 The directors report tliat the dividends received from- Woolworths (W.A.), Ltd and Woolworths. (N.Z.), Ltd., lave been satisfactory. .Trading operations of Woolr?, rt£r s 0-1' Ud- did not commence till- November 30 last, and no dividends have been received from it.
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https://paperspast.natlib.govt.nz/newspapers/EP19340326.2.157.27
Bibliographic details
Evening Post, Volume CXVII, Issue 72, 26 March 1934, Page 12
Word Count
191WOOLWORTH PROFITS Evening Post, Volume CXVII, Issue 72, 26 March 1934, Page 12
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