DOMINION BREWERIES
PROFITS NEARLY DOUBLED. Accounts for the year ended March 31 of Dominion Breweries, Limited, again show a large increase in both net and gross earnings. Net profit at the record total of £41,257 shows an increase of £19,218 on the previous year’s figure, while gross profit has increased by £50,533 to £148,192. The directors report that, with £963 brought in, there is £42,220 available after making provision for land and income tax amounting to £34,505, and allowing £13,033 for depreciation. An interim dividend of 5 per cent for the half-year ended September 30, 1937, absorbed £10,229 and, as previously announced, the directors now recommend the payment of a dividend on all shares at the rate of 10 per cent per annum calculated on the amount paid up from time lo time, less the interim dividend. This will absorb £12,224. It is proposed also to transfer £15,000 to the general reserve, leaving £4767 to be carried forward.
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Wairarapa Times-Age, 23 June 1938, Page 3
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158DOMINION BREWERIES Wairarapa Times-Age, 23 June 1938, Page 3
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