LOWER NET PROFIT
N.Z. REFRIGERATING CO.
DISPOSAL OF AVAILABLE BALANCE. (By Telegraph—Press Association.) CHRISTCHURCH, January 18. The accounts of the New Zealand Refrigerating Company, Ltd., for the year ended on October 31 last reveal a drop of £19,738 in net profit, the figure being £48,190, compared with £67,928 last year. The gross profits are £91,134 compared with £112,413 last year. The directors report that the balance available for appropriation is £85,376 (including £37,185 brought .forward) which they recommend should be dealt with by the payment of a dividend of 5| per cent, by an addition to the reserve for rebuilding and renewals, of £12,000 and the carrying forward of £38,379. / t.".'- ■ ’
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Wairarapa Times-Age, 19 January 1939, Page 6
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111LOWER NET PROFIT Wairarapa Times-Age, 19 January 1939, Page 6
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