2 JULY 1932, Page 34

" EKCO " PROFITS.

I am always glad to draw attention to the first reports of industrial concerns when the figures amply confirm the forecasts in a previous prospectus of an issue of capital. I am able to do this in the case of the first report of E. K. Cole, the all-electric wireless manufacturing company. A public issue was made last year when the profits for 1931 were stated at 1114,498. The report just issued, however, now shows that for the year 1931-2 the profit was £131,205, after allowing for directors' fees and depreciation. A dividend is announced of 40 per cent. on the Ordinary shares, leaving 220,542 to be carried forward as against £7,000 brought in.

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