Archive : Leyland Motors Profits Lower

30 January 1959 Keith Adams 0

An unchanged Ordinary dividend of 12-5 per cent. is being paid by Leyland Motors Group trading profits for the year ended September 30 declined to £5,937,646 from £6,116,323 for 1956-57.

After charging depreciation of £1,228,550 (£1,164,204) and tax of £2,780.258 (£2,632,340), net profits emerged at £2,045,745 (£2,222,069). To general reserve is placed £1,275,000 £1,475,000). while the “carry forward” is £789,581 (£775,168).

Meeting, March 18.

About
Latest Posts

Keith Adams

Editor and creator AROnline at AROnline

Created www.austin-rover.co.uk in 2001 and built it up to become the world's foremost reference source for all things BMC, Leyland and Rover Group, before renaming it AROnline in 2007.

Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...

Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.