EAST KENT" EARNS HIGHER PROFIT
6th December 1935, Page 56
6th December 1935
Page 56
Page 56, 6th December 1935
— EAST KENT" EARNS HIGHER PROFIT
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I N the year ended September 30, 1935, the East Kent Road Car Co., Ltd., benefited by improved trade generally, and a profit of £49,378 on the year's working was revealed, after making provision for depreciation. After adding the balance brought into the accounts (£12,500) and deducting £9,750 for the dividend on the preference shares for the nine months ended June 30, 1935, there is a balance of £52,129. Of this sum, the general reserve received £8,000, whilst a dividend on the preference shares for the three months to complete the year to September 30 last takes £3,250, and a dividend of 8 per cent, per annum on the ordinary shares accounts for £28,000. After deducting these amounts, £12,879 remains to be carried forward.