Marks and Spencers sales rose by 9% between 1962 and 1963 to. £201.5 million, net profits rose by the same proportion from £11,1 million to £12.2 million, The dividend is raised from 35% to 383% and there is to be a one for two scrip issue. One of the main factors is the revaluation of its 239 shops, this put a surplus of £33.4 million into the capital reserve,
The WeekThe Week Vol. 1, No. 21, 21 May 1964
Marks and Spencers Do Well in 1963
The scan: The Week v1 no21.pdf (PDF, Marxists Internet Archive, opens at this page)
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