[Trade Journal]
Publication: American Glass Review
Pittsburgh, PA, United States
vol. 49, no. 15, p. 14, col. 1
DOMINION GLASS EARNINGS GAIN
IN PAST FISCAL YEAR
The annual financial statement of the Dominion Glass Co., Ltd., of Montreal, for the fiscal year ended September 30, last, shows profits of [dollar: $778,392] as compared with [dollar: $664,701] in the previous year. This is equal to 12.87 per cent on the company's common stock compared with 10 per cent in the preceding year and 9.28 per cent for the year ended September 30, 1927.
A further improvement in balance sheet position is shown in the current report, with net working capital showing a gain of nearly a quarter million, while the goodwill, etc., account shows a further reduction of [dollar: $125,000]. After writing off [dollar: $125,000] against patent rights, trade marks and goodwill, there is shown a net surplus of the year of [dollar: $124,713], which, with previous surplus of [dollar: $1,303,668], leaves a net profit and loss balance of [dollar: $1,428,381] to be carried forward in the current year.
