A GOOD RECOVERY.
The latest annual report of the International Nickel Company of Canada, in which there are usually active dealings on international account, shows that the company experienced a good recovery from the results of the previous year, the report for 1932 having showed a net loss, before charging Preferred dividends, of 135,345 dollars inclusive of exchange losses. The latest report, however, shows a profit for last year of 9,662,584 dollars, apart from exchange adjustments and profit of 1,739,617 dollars which was carried to Contingent Reserve. The better profits are attributed, in the main, to an expansion of demand and the advance in nickel sales was very great. Measured in quantities, the figure was 74,356,969 lb. against 34,406,953 lb. The dividend of 10 cents per Common share recently declared marks the first distribution on the Common Stock since December, 1931, when 5 cents was paid.
Previous page
