NEW ZEALAND INDUSTRIES, LTD.
SECOND YEAR’S TRADING Daily Times Special Service. AUCKLAND, Dec. 10. A net profit of £6959, an increase of £5086, was earned by New Zealand Industries Ltd., Auckland, in the company’s second year of trading ended August 31. The result is reached after providing £9950 for taxation against £1425 in the previous year. The dividend for the year is 8 per cent, (final 4 per cent.) compared with 6 per cent, distributed in the initial year. The dividend absorbs £3200 leaving a balance of earnings of £3759 which, with £8 over-provision of tax in the previous year, increases the carry forward to £4440. Gross profit was £27,208 against £13,434.
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https://paperspast.natlib.govt.nz/newspapers/ODT19471211.2.118.6
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Otago Daily Times, Issue 26641, 11 December 1947, Page 9
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112NEW ZEALAND INDUSTRIES, LTD. Otago Daily Times, Issue 26641, 11 December 1947, Page 9
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