G.M.H. ANNOUNCES NEARLY £l5m PROFIT
(N.Z. Press Association—Copyright)
MELBOURNE, June 17. General Motors-Holden, Ltd., today announced a 1959-60 profit of £14,991,704, the second highest ever revealed by an Australian public company. For 1958-59 the company earned the Australian record profit of £15,343,107, which was a rise of more than 31 per-cent, on the previous 12 months.
Hooker Takeover.—L. J. Hooker Investment Corporation, Ltd., has agreed to accept 80 per cent, in value of the shareholding of Sydney Exchange Company. These shares will now be acquired in terms of the corporations take-over offer.
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Bibliographic details
Press, Volume XCIX, Issue 29234, 18 June 1960, Page 16
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92G.M.H. ANNOUNCES NEARLY £l5m PROFIT Press, Volume XCIX, Issue 29234, 18 June 1960, Page 16
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