AUSTRALIAN COMPANIES.

Auckland Star, Volume LXX, Issue 24, 30 January 1939, Page 4

AUSTRALIAN COMPANIES.

INCREASED PROFITS LAST YEAR. A statement received by the -Australian Jiade Commissioner in Xew Zealand tsavs \ma p . rortt " ," nno »nc«l in Australia for l.« Bby jW companies in all industries v it], tlie exception of minin-' nssregated £24,712,000. com pared with £23,188,047 in 1937.' ThoushTotal profits increased by £1.324.033, fewer companies! low I'T eV ea ™ in «" c-omparcd with i*M/. Higher profits Here recorded by about i 0 .per cent of the companies as against 80 per cent in 1937

The years «i«Krejiate result, taking into account the disturbed European affairs, drought, lower export prices and rising costs, must be regarded as most satisfactory and reflects the growing efficiency in Australian works and also the expansion of industry. The principal sufferers were the pastoral companies because of tie lower wool prices and the reduced clip. None of these recorded increased profits.

The following list compares the •■prin|C*pal profit-earners in 1938 with 1937:— 1!>?7. 1038. Broken Hill Pty .... 1,183.171 1.300.461 Colonial Sugar 1,03(i,33« 1.0«0,786 General Motors-Hol- „ d 7>« •• • 746.670 1,005,773 , British Tobacco .... f»11.38« 911470 Tooth and Co 774,60.-. 841^88 Bank of X.S.W 543,L'42 047 830 ' Cnrlton and United Breweries 4."3.0!»7 403 RRB ■ Electrolytic Zinc ... 536.H1 3 4r>o r>24 Dunlop-Pprdriau .... 4H0.7ii1 414 r>o6 I Com. Banking Co. . . 342.041 3(io 975 Adelaide Electric i Supply Co 303,443 365 592 i Imperial <"ln-mic:il i , Industries (A. & , I N55-) 821.150 340.47S ' ' Nationi'l li.ink 525.H27 347,4<1l I Myer Emporium .... .318.011 314.360 t E.. S. and A. Bank . 276.127 280.593 . i Austr.ili.in Ulaxd ... 231.100 287.628 1, Commercial Bank . . 247.4' i." 2(> -, 'JH4 } Hrrnld , and \V. Times 21S.lj<i 252 o<lß G. J. Coles 223.400 242 377 '' Associated News 238.363 242,086 3 Auet. Paper Mfr«. .. 218,176 240,055 1