DRAPERY PROFITS.
The latest report of Debenharns, Limited, shows a substantial rise in profits and the capital reorganisation carried out at the close of 1933 now permits the resumption of dividends on the Ordinary sfiares, which is in accordance Wfth the hope expressed by the Chairman at the last annual meeting. The profit balance for the year, including dividends from subsidiaries, investment income, &c., was £654,029 against £585,229 for the previous year. A further sum of £50,000 is transferred to the Reserve, while the Ordinary shares, which it will be remembered are of ls. denomination, are to receive a dividend equivalent to 121 per cent., leaving 1136,241 to be carried forward. The Directors report an increase in the volume of sales and in the profits on the various businesses, while the balance-sheet is a fairly strong one. The Ordinary shares of bebenhams stand at 3s. 3d., giving a yield to the investor of
about £3 17s. per cent. A. W. K.
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