C.S.R. CHEMICALS EARNINGS
£121,809 Profit After Loss (N.Z.P. A.-Reuter—Copyright) MELBOURNE, Jan. 23, The Colonial Sugar Refining Co., Ltd.’s, 60 per cent.-owned subsidiary. C.S.R. Chemicals Pty., Ltd., converted a smaiH Loss into a £121,809 profit in the year to June 30. However. C.S.R.C. Dow Pty., Ltd., which is jointly owned by C.S.R. Chemicals and Dow Chemical of Switzerland, incurred a loss of £304.414. Because only 50 per cent, of C.S.R.C. Dow’s capital is held by C.S.R. Chemicals the loss is not included in Colonial Sugar’s latest consolidated accounts. 2.5 p.c. Rate The profit of C.S.R. Chemicals represented an earning rate of 2.5 per cent, on total paid capital of £5,017,125. A dividend of 2J per cent, was paid during the year requiring £ 125,428 —slighiy more than the profit. The result includes £28,995 income from investments. but excludes a profit of £3545 on the sale of fixed assets. It is struck after allowing £56.744 for tax and £383,032 for depreciation. The accounts disclose a provision of £3.704,957 for depreciation and replacement. Fixed assets at cost or valuation are shown at £6.899,707.
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Bibliographic details
Press, Volume CII, Issue 30038, 24 January 1963, Page 19
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179C.S.R. CHEMICALS EARNINGS Press, Volume CII, Issue 30038, 24 January 1963, Page 19
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