Mexborough & Swinton Times – Friday 11 March 1932
Colliery Company Reports.
Denaby & Cadeby Main Collieries, Ltd.,
The Denaby and Cadeby Main Collieries, Ltd., announce a trading profit, including interest on investments, etc., for the six months ending December 31st. 1931, of £54,213, which, added to the balance brought forward of £54,041, makes a total of £108,254.
After deducting Debenture interest, depreciation, etc , amounting to £47,399 for the half-year, there remains a balance available of £60,855.
The dividend on Preference shares absorbs £6,000. Directors recommend payment of 1 ½ per cent dividend on Ordinary shares, being at the rate of 3 per cent per annum, Absorbing £18,000, leaving £36,855 to be carried forward .
The financial year will in future end on December 31st, instead of June 30th as heretofore.
The annual meeting will he held on March 23rd. For the year ended June 30th, 1930, the net profit was £45,197and a total payment of 2 ½ per cent in the form of two interim distributions was made.