EX INDUSTRIES
Lower Profit Last Year Consolidated net profit of E.Z. Industries, Ltd., Tasmanian zinc producer, fell £350,397 to £2420,392 in the year to June 30. The previous year profit had risen £388,971. The latest result is after tax £1,186.150 (down £474312), depreciation £1,145,000 (up £11,433) and mine depletion. West Coast £lO.OOO (last year, nib. No provision for long service leave (last year £168,000) is given in the preliminary statement. Dividend, previously annonunced. is reduced from 11 to 10 per cent, and takes £1.800.000, which the profit clears by £420,392. Earning rate on unchanged capital of £18,000.000 is 1236 per cent, (last year 14.2).
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Bibliographic details
Press, Volume C, Issue 29657, 30 October 1961, Page 18
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104EX INDUSTRIES Press, Volume C, Issue 29657, 30 October 1961, Page 18
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