PROFIT OF £979,138.
BROKEN HILL PROPRIETARY.
LOWER THAN LAST YEAR.
(By Telegraph.—Press Association.)
WELLINGTON, this day. TkeStock Exchange Association of .New Zealand has received cabled advice that tie Broken Hill Proprietary profit, subject to audit, for the year ending Mav ♦•^^S , f Wa5 , £979138 - Providing i-WJ,3j4 tor depreciation.
Prohte last year reached the record level ii ~ 1 - 431 ' 513 ' which was stated to exceed all Australian records. Profits since 1937 have all been over the million mark, the hguree in that year, £1,183,170, jumping from £850,400 in the previous year. The amount sot aside for deprrciaton this v. uhowever, is p-eater than that allow,. ,Ast year, a comparison being £903,354 against ±800,6/0. The directors are doubtless bearing m mind the increase in wear and tear resultant on the company'* Kiea,tly expanded operations due to tlie war.
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Bibliographic details
Auckland Star, Volume LXXI, Issue 178, 29 July 1940, Page 4
Word Count
136PROFIT OF £979,138. Auckland Star, Volume LXXI, Issue 178, 29 July 1940, Page 4
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