Companies Earn Less But Pay More Profit Tax
Assessed profits tax data show companies distribute more profits as dividends and reinvest less into their businesses, narrowing retained earnings and potentially slowing expansion activity.
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Newspaper
Brisbane Courier Mail
Location
Brisbane, Queensland, Australia
Date
Sep 10, 1940
Page
4
Assessed profits tax data show companies distribute more profits as dividends and reinvest less into their businesses, narrowing retained earnings and potentially slowing expansion activity.
McWhirters reports a 6 percent profit rise over the past five years with higher profits for 1988-89. The company highlights stock increases of £50,000 and stronger demand in supplies, aiming to boost customer confidence and financial resilience amid market volatility.
Melbourne finance notes report Blair Athol Coal Opencut results for year to June 30 with profit contrasts and dividend changes. Peters Creek Vic. bids and a record annual earnings highlight a volatile mining market. Sydney and Melbourne exchanges show variable profits, dividends and reserves amid broader Australian share activity.
Bundaberg Electric Company Limited announced for the half year ended June 30 a dividend of 9 percent on ordinary shares and 31 percent on preference shares, with capital increased by 140,000 new shares. Caboolture Dairy Co operative Association Limited reported year end results with butter output down to 246 tons, higher supplier payments, and rising costs.
Market notes describe subpar potato quality and varied commodity offers. Listings mention pumpkins, lucerne chaff, oats, hay, and feed prices, with prices and quantities in mixed figures. Several entries reference import data, farm goods, and miscellaneous farm products, suggesting a broad rural trade page.
Fragmented text shows garbled market references and scattered names such as AGF Betty and US iPS. Unable to extract a coherent event. readable fragments mention dates and people yet lack a clear action or outcome.
Finance editor reviews a brisk London market session with stock movements and price action. The piece notes shares trading near highs, government actions affecting sentiment, and a rise in dividend yields, highlighting Whirlters as a top performer with a 6 percent payout.
Government terms set fixed minimum buying prices for treasury issues during the week. Officials indicate steady rates and plan to monitor demand while addressing market liquidity concerns.
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