Kodak Earns £969,880
(N.Z.P.A.-Reuter—Copyright) SYDNEY, January 25.
Kodak (Australasia) Proprietary, Ltd., earned a net profit of £969,880 for the year ended September 30, the first profit ever disclosed by the company.
The annual return filed with the Registrar-General's office shows paid capital at September 30 at £3,398,548 giving the company an earning rate of 29 per cent Kodak recently made a one for one bonus issue. Dividend totalled £500,371 made up of a cash payment of £200,374 and an issue of shares £299,997.
Reserves and unappropriated profits stood at £9.2m at September 30. Profit is after tax £807,480 and depreciation £586,005. Profit included a £37,200 dividend from the New Zealand subsidiary—-Kodak, New Zealand, Ltd. Profit of the New Zealand company for one year to September 30 was announced as £95,350, a fall of £38,573.
R.M.C., Boral In Bitumax
Ready Mixed Concrete. Ltd., and Bitumen and Oil Refineries (Aust), Ltd., have each acquired a major shareholding in Bitumax, Ltd., Adelaide.
The acquisition was for undisclosed cash. Bitumax manufactures and applies bituminous hot mix material used for road pavements.
Australian United Development Proprietary, Ltd., an original shareholder in the company, has retained its interest.
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Bibliographic details
Press, Volume CII, Issue 30041, 28 January 1963, Page 14
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192Kodak Earns £969,880 Press, Volume CII, Issue 30041, 28 January 1963, Page 14
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