TILLING AND B.A.T. RECORD NET PROFIT 111\1 1941, a record
23rd January 1942, Page 18
23rd January 1942
Page 18
Page 18, 23rd January 1942
— TILLING AND B.A.T. RECORD NET PROFIT 111\1 1941, a record
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net profit was made 1 by Tilling and British Automobile Traction. Ltd., the figure of £581,974 comparing with £567,836 a year earlier. A final dividend of 3,1per cent, actual has been declared on the ordinary shares, making 6i per cent., tax free, for the year. The 8 per cent. cumulative participating preference shares receive the fixed dividend of 4 per cent. for the half year ended December 31, 1941, and a further dividend of 2 pet cent. for the year, making 10 per cent, less tax, in all. The geo,eral reserve receives an allocation of £50,000, the same as for the previous year.