HOOKER FINANCE ACCOUNTS
(N.Z. Press Association-Copyright) SYDNEY, June 9.
Hooker Finance Company, Ltd., earned a consolidated net profit, after taxation, of £15,760 for the 10 months ended April 30.
Directors, in a release to -the Sydney Stock Exchange, reveal that the company’s net asset position has been enhanced. The sale of land at Coogee, a beach suburb, purchased for resale and sold in relation to a home unit project, realised a profit, before tax, of £28,450, but has been deferred until completion of this project. The profit figure for the 10 months had previously been announced at £34,203, which included the result from the Coogee contract.
The sale of freehold property at the corner of Queen and Edwards streets, Brisbane, which had a book value of £45*453, realised £205,000. The contract provides for settlement not later than March 31, 1965, directora add.
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Bibliographic details
Press, Volume XCIX, Issue 29228, 11 June 1960, Page 16
Word Count
142HOOKER FINANCE ACCOUNTS Press, Volume XCIX, Issue 29228, 11 June 1960, Page 16
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