MILLION PROFIT
COLONIAL SUGAR COMPANY DIVIDEND FOR THE YEAR. BIG RESERVE BUILT UP. By Telegraph—Press Association—Copyright. (Received This Day, 1.0 p.m.) SYDNEY, This Day. The Colonial Sugar Refining Company reports a net profit of £1,005,670 for the year ended March 31. For the first time the accounts cover a full year in accordance with the alterations to the articles made last year. The dividend is maintained at seven and a half per cent, which requires £877,500. After placing £lOO,OOO to reserve there is £463,144 to be carried forward. The reserve now amounts to £1,050,000. The directors state that, as expected, the output from the company’s mills was lower than in the previous year. Adverse weather has delayed planting for next year, and it is now too late to complete the whole programme.
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Wairarapa Times-Age, 22 May 1939, Page 6
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132MILLION PROFIT Wairarapa Times-Age, 22 May 1939, Page 6
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