Profit of $174,693.54 as Against Loss of $18,901.89 in 1939; Result Satisfactory
HE year working of the Cheng Rubber Estates Ltd., resulted in making a satisfactory profit of $174,693.54, as against a loss of $18,901.89 in 1939, mainly accounted for by greater output and better prices.
A dividend of five cents per share was declared at the 30th annual general meeting of the Cheng Rubber Estates Ltd., held yesterday at 49 Szechuen Road. Mr. A- J. Welch, chairman, presided supported by Messrs. H. Kadoorie, W. Mellor, directors- Shares present and represented were 105,414.
Text read from the printed page and cleaned; old type leaves the occasional error.