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S.M.T. Successful Trading.
10th February 1931, Page 84
10th February 1931
Page 84
Page 84, 10th February 1931
— S.M.T. Successful Trading.
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The first report of the Scottish Motor Traction Co., Ltd., since an interest in the company was acquired by the L.N.E. and L.M.S. Railways, covers a period of 141months to October 31st last. It shows that the company made a profit, after providing for depreciation and income tax, of £133,741. The preference dividend absorbed £45,114, and a dividend of 10 per cent, on the ordinary shares will absorb £31,000. The directors have written off the whole of the preliminary expenses (£11,820), and goodwill has been reduced by £24,771, to £224,000, leaving £21,027.