Mt. Morgan Profit Drops 12½ p.c.
Net profit of Mt Morgan, Lid., Australian copper producer, fen by £53,391, or 12 1 per cent., at £372.321 for the year ended June 25. Ordinary dividend is reduced from 2s to Is 6d a share (15 per cent.), including a final 9d,
Dividend amount is £305,512. With the 7 per cent preference charge of £3141, the total is £308,653, which the profit clears by £63,668.
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Bibliographic details
Press, Volume C, Issue 29599, 23 August 1961, Page 19
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72Mt. Morgan Profit Drops 12½ p.c. Press, Volume C, Issue 29599, 23 August 1961, Page 19
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