Company News B.H. PTY. YEAR
Profit Down
Consolidated net profit of Broken Hill Proprietary Company, Ltd., was £14470,458 in the year ended May 31. 1962. according to a Press Association mes-
sage from Wellington. This figure includes
the proportion (unstated) attributable to miuority interests. Consolidated profit last year, after deduction of £179445 for minority Interests, was £14457472.
Latest result was reached after provisions of £24.377.825 (compared with £22.001,321 last year> for depreciation and £ 14.926,817 (£15,743,933) for taxation
Tlie accounts of Australia'!) Iron and Steel ProprietaryLtd.. - have been consolidated at May 31 and the group profit includes this subsidiary's profit for 12 months Net profit of the parent comoany was steady at £9.202,391 i £9,202,635) An amount of £4.800.000 (£4.650.000) has been appropriated for mining plant and development.
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Bibliographic details
Press, Volume CI, Issue 29880, 21 July 1962, Page 16
Word Count
127Company News B.H. PTY. YEAR Press, Volume CI, Issue 29880, 21 July 1962, Page 16
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