WALL STREET’S RECORD
VAST TRADING IN SHARES (Australia n and Y.7J. I't'css Association j Reed. 9.5 a.m. NEW YORK, .Mon. The total Stock Exchange sales £Ol a year to-day passed the 1927 record The aggregate to date is 575,000,00( shares. TOOHEYS, LTD., PROFITS Further substantial progress and record earnings are revealed by Tooheys Ltd., for the year ended July 31 last Gross profit amount to £768,254, agains £743.515 for the previous year, whil« disclosed net profit is £183,449 —an increase of £9,438, In 1927 dividend was increased from 9 per cent, to 10 per cent., and distribution for the year under review is again 10 per cent., absorbing £120,000. The customary amount oi £15,000 is written off plant and machinery, transfer of £45,000 is made to reserve fund, and the carry-forward is increased from £34,091 to £37,540. Capital is £1,200,000, with which there are now visible reserves of £541,040. Outside liabilities have risen from £379,84S to £493,656. Fixed assets at £1,546,053, against £1.445,203 a year earlier. Stock at £156,343 shows a decrease ol £12,802. Sundry debtors have increased from £517,603 to £551,597, and cash assets from £19,556 to £25,403. The surplus of liquid assets over liabilities is £113.643, compared with £157,311 a year earlier.
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Bibliographic details
Sun (Auckland), Volume II, Issue 462, 18 September 1928, Page 12
Word Count
204WALL STREET’S RECORD Sun (Auckland), Volume II, Issue 462, 18 September 1928, Page 12
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