M.K.U. PROFIT UP 45 P.C.
Oxide Output Increased Mary Kathleen Uranium. Ltd., Queensland, lifted profit to £5.626 262 for the year ended December 31. This is a rise of £1,736,506, or 44 6 per cent. Tonnage of ore milled increased by about 12 per cent., but oxide output rose 30 per cent, from more efficient sorting methods, directors state. Ordinary dividend, raised from 4s 6d to 8s a 2' 6d share, absorbs £2,273,471 (up £994,643) After deducting preference charge £106,608. latest earnings represent 19' 7d a share (last year. 13s 3d) Gross revenue rose to £8,665.933 (up £2.166.553) Total costs took £3.039.671 (up £430.047). Special reserve receives £2,593,000 (up £553.000). From 481.000 (up 50,587) tons or milled the rec./ery was 1.926.0001 b of uranium oxide (up 450.1491 b). Long - term indebtedness and redeemable preference shares at December 31 totalled £4.114,130 (down £1 753.086).
The company's capital is owned by the Rio Tinto Min’ng Company of Australia Pty., Ltd. (51 per cent.), Kathleen Investments (Australia), Ltd. (35 per cent), and private syndicates (14 per cent.).
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Press, Volume CI, Issue 29746, 13 February 1962, Page 16
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174M.K.U. PROFIT UP 45 P.C. Press, Volume CI, Issue 29746, 13 February 1962, Page 16
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