FLUENZOL, LIMITED

Rotorua Morning Post, Volume 3, Issue 704, 2 December 1933, Page 5

FLUENZOL, LIMITED

DIRECTORS' REVIEW SHOtyS 5ATISFACT0RY YEAR'S * OPERATlONS • The directors of Flenzol Proprietary, Ltd., in feviewing the' operations of fhe company,' state that in all circumstances the results for the past year are satisfactory. ; The maintenance or the enhancing of tiirnover Bals been the chief endeavorir. Qh the previous year's figures turnover hias beeh increased by £1234 5s 7d. Gross profit is: £934 17s 7d up," and' riet profit has decreased by £437 '9s 7d, mainly' through the operation of the e'xehange rate 'on raw materials and the increase of ' advertising expenditure of £937 4s lld. Adequate reserves and depreci'ation have? been provided for. The appropriation account, after the net profit* has hee'n transferred thereto, stands at £977 8s~7d, and the directors- recommend that a dividend "of 8 per- cent. be paid (absorbing £440) , an that the balance of good will account, ; 'viz,V!£500., be written off. In order to turn premises at Thorndon 'Q'uay into an asset, ari eixchange has beeh" arranged fof a section''in the saine -vicinity, and the company is now having erected thereon aconveriient, modern, reinforced" concrete buildirig. ' The prospects for the coming year are good. Throughout the slump advertising and marketing pressure have been maintained. %