FARMERS’ TRADING.
OPERATIONS OF COMPANY. BIG INCREASE IN EARNINGS. AUCKLAND. Friday. An increase of about .30 per cent in the net earnings and further expan—sion in the gross profit are features of the uccounls of the Fatrniers’ ’l‘ruding Company, Limited, for the year ended March 31. The. net profits are £01,458, against £11.27? earned in the previous year, and L‘L‘lipst‘ any return since 1920. Gross earnings are £318,110 higher 11l £291,365. The directors state. that! the accounts reveal u snhslnnliul improve—ment on the provinus war and the sales figures sinrv hulnnemdalu strongly suggest that llm current year also will ho n nrnspumus unv. The not protTL of £61,538 is' .\[l‘lll‘k nl‘tt-r providing for depi'nciutiun and other mntingencius. With :1 t‘nrry forward of £28,731. there is :L Imlunt‘v nuil~ able 01‘ £90,1H9. The ordinary dividend t'nr lhn year is the same ill 5 par rent. Preference dividends of 7 pnr rent. less tho statu—tory deduction of :0 per cent. ure> also payable. The rt’lirinz rlirei‘lrvrs. fill-wit: .\. IL H9l], n. 11. lnniln‘ld and l“ H. .\lv Alp'mr', are the. only Imminntions .mrl they have been J's-elected.
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Waikato Times, Volume 119, Issue 18898, 29 May 1936, Page 10
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184FARMERS’ TRADING. Waikato Times, Volume 119, Issue 18898, 29 May 1936, Page 10
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