DUNLOP COMPANY’S LOSS.
OVER EIGHT MILLIONS.
By Telegraph.—Press Assn.—Copyright. London, Jan. 31
The Dunlop Company’s report discloses a loss of £8,320,000 for the year, chiefly owing to the depreciation of the prices of rubber and cotton. The report states that £8,262,000 of the loss was due to writing down stocks and loss in raw matrials used and sold. Further losses are expected on forward contracts, which the reserve fund of £2,767,000 will meet. The report does not disclose the directors’ intentions, and there was no proposal for the re.-organisation of capital. It is believed the directors want to defer action until a more suitable time.—Aus.-N.Z. Cable Assn.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19220203.2.61
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 3 February 1922, Page 7
Word count
Tapeke kupu
107DUNLOP COMPANY’S LOSS. Taranaki Daily News, 3 February 1922, Page 7
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in