PROMISE AND PERFORMANCE.
It is always satisfactory to be able to record profits of a company exceeding those foreshadowed in the original pro- spectus. This would seem to be so in the case of McDougalls Trust, Limited. At the recent annual meeting the Chairman, Mr. Kenneth A. E. Moore, was able to state that the trading profit of McDougalls, Limited—the Operating Company— for the year ended March 31st last amounted to £260,340 as compared with £208,044 in the previous year and with average profits of £160,842 disclosed in the prospectus issued in 1933. At the annual meeting the Chairman referred to the violent fluctuations in the wheat market during the year and the neces- sity laid upon the company to adjust selling prices both upwards and downwards. The Directors have been able to recommend a final dividend on the Ordinary shares of 4 per cent., and a bonus of 2 per cent., making to per cent. for the year.
* * * *
Previous page
