11 SEPTEMBER 1926, Page 30
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BRICK PROFITS
The latest Report of Eastwoods, Limited, the well-known brick company, thoroughly justifies the hopeful view taken by the Directors last year and the increase which was then made in capital in 7 per cent. Preference Shares. Profits for the past year have exceeded all previous records, the net profit being £75,000 against £60,000, while the dividend has been increased from 15 to 17i per cent. Moreover, before making the distribution £20,000 was placed to the Reserve and the amount carried forward of £25,671 is still ahead of last year.
The Balance Sheet is also a strong one. A. W. K.