COMPANY NEWS
HIGHER PROFIT EARNED BY CREAMOATA Creamoata, Ltd., food Processors and flour millers, Melbourne, expect an improvement in export sales in the current year, directors state in the annual report. Local sales again increased during the year to September, and now exceed £IM, but total sales fell 5J per cent. Automatic packing machinery, installed last year, is now working at capacity, and will assist greatly in the current year, directors say. Sales of flour are “intensely competitive” and prices obtained during the year were unremunerative. Stabilisation of prices has now been achieved, and this will give improved margins. The increased margin being obtained for flour, and improved prices for byproducts, are expected to provide additional income and higher profits in the current year. Esanda Issue.A-Esanda, Ltd., the hirepurchase subsidiary of the E., S., and A. Bank, has raised the £500,000 of its current debenture issue. The company is accepting over-subscriptions. Denhard Bakeries.— lnterim dividend on preference and ordinary shares is 4 per cent., payable on December 17. Last year’s ordinary payment totalled 8 per cent.— (P.A.)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19561218.2.144.6
Bibliographic details
Press, Volume XCIV, Issue 28154, 18 December 1956, Page 19
Word Count
177COMPANY NEWS Press, Volume XCIV, Issue 28154, 18 December 1956, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.