Burns Philp (S.S.) Co.
p. 86 · Read in the full issue
Bigger Profits Permit Larger Divi dend and New Staff Fund
Messrs, burns philp (south sea) Co., Ltd. (the section of the “bi£ firm” which operates to the east ward of Australia and New Guinea) made a gross profit in the year ended January 31 of £203,465, as compared with £lBO,lBO in 1937 and £153,393 in 1936. The net profit was: 1938, £65,145; 1937. £58,089; 1936, £42,754.
The dividend has been raised to 61 per cent. £lO,OOO has been taken to re serve (now £125,000, against an issued capital of £725,000), and £5,000 as a first contribution towards a staff retirement
fund.
Two new motor vessels have been put in commission in island trading during the year, and three more are on order for delivery in the current year.