CONCRETE IND.
£lm Profit
Concrete Industries (Aust.). Ltd:, earned consolidated net profit of £1.002,378 for the year ended June 50. The profit compares with £500,404 for the previous year and £299.215 for 195859. The growth in profit reflects the company’s capital expansion by issues and takeovers.
Capital increased from £2,853,627 at June 30, 1960. to £7,914,165 at June 30 last. The latest result is after tax (last year £301,876) and depreciation £453,855 (£117,957), a preliminary reports shows. The final dividend of 5 per cent., equal to 13 1-3 per cent, on pre-bonus, requires £365,528. The interim 6J per cent., on the old capital, took £320,272. TTie total charge is £676,800 General reserve receives £207,000.
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Bibliographic details
Press, Volume C, Issue 29623, 20 September 1961, Page 19
Word Count
114CONCRETE IND. Press, Volume C, Issue 29623, 20 September 1961, Page 19
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Acknowledgements
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