2 NOVEMBER 1929, Page 38

UNITED DAIRIES.

At the recent meeting of United Dairies, the chairman, Mr. J. H. Maggs, pointed out some of the ,difficulties with which the company had to contend, so that, although there was a greatly increased turnover for the year, profits were slightly reduced owing to the higher purchase price of milk under the new contracts, these places involving a lower margin of gross profit on the company's Milk trade. Nevertheless, the company has been able to maintain its dividend at 10 per cent., and while the direetcirs may, perhaps, feel a little disheartened that higher profits should not have accompanied the increased turnover, the company may, on the whole, be congratulated 'upon the results achieved:

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