18 FEBRUARY 1938, Page 38

HARRODS' RESULTS.

The preliminary results of Harrods follow the pattern of the earlier department store results discussed last week. There has been a father Moderate Increase in, profits, but not so large as would justify an-increased dividend. The net profit has risen by £17,482 to £817,802. In addition to the usual allocation of £20,000 to staff funds, -a sum of £20,966 is appro- priated for the staff's Coronation bonus and a sum of £29,000 for N.D.C. These two charges rather more than absorb the additional profit. The allocation to special reserve is reduced from £50,000 to £40,000, and the balance carried forward is slightly lower at £189,740, compared with £191,724. The profit is the highest since the year ended January 31st, 1930.

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