Bovnu..
' in the annual statement of )3ovril, Ltd., the directore report favourably on the home sales, saying that they have been Maintained at a gratifying level in spite of adverse trade (Continued on page 318.)
Financial Notes
(Continued from page 316.)
conditions, though the export trade has again suffered from exchange difficulties and the world-wide depression. For the past year the falling off in gross profit was about £52,000, the present total of £435,000 comparing with £487,000, but the net revenue was only down £41,000. In the balance-sheet a feature is the large increase in the cash in hand and at bankers, partly due to payments on the new shares and partly to accumula- tion of funds for the repayment last January of the balance of the Second Series Notes.
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