The Imperial and International Communications, Ltd., has published its report
showing that the Company made a larger profit than in the previous year. The gross revenue was £400,000 lower, but owing to a reduction in working expenses of over £650,000, the final profit was £209,552, against only £75,535 in the previous year. The Dividend is 115. 8d. per cent., against 5s. per cent., with a carry forward of 160,576, against £26,024. Cables and Wireless, Ltd., whose income is -derived from its shareholdings in the - cable and wireless undertakings which now hold stock of Imperial Communications Company instead of their former assets, had a net revenue of £662,295, against £649,220. As a result of this the 51 per cent.. Cumulative Preference Stock receives a half-year's Dividend, leaving the Dividend on the Stock in arrear as from July 1st, 1932.
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