JOHN LYSAGHT AUSTRALIA
Profit Falls To £2.4m
(fi.Z. Assn^—Copyright)' SYDNEY; .March 20. Consolidated net profit of John; ■ Lysaght (Australia) Ltd., fell 24.9 per. cent after lower provisions for. the year ended December 31. Profit declined, by £808,627 to £2,436,322. .1, The fall‘ contrasts'.With a jump of £1,437,383 in 1962. from the depressed profit of £1,807,566 earned in 1961. Taxation provision.is down by £468,658 to £1,801,861. Depreciation provision at £1,448,823 shows a fall of £194,533. \ •Final dividend of 5 per cent maintains . the 10 per cent rate paid in 1963- In 1961 the company paid 8 per, cent.
Tooheys lift Net Profit
(N.Z'. Press Assn..—Copyright) SYDNEY; March 20 Tooheys,- Ltd., Sydney brewer, today reported increased consolidated net profit for the half-year to January 31, compared with the previous corresponding period.' .- • ■ .Group sales were higher, directors say in a brief ihterim report. ' - They declared a. steady 4 per cent interim ordinary dividend, payable on April 30. . -.•■.•■■'■■
. For the full year to July 31,. 1963, Tooheys lifted consolidated . net profit from £394,563 in 1962. to £686,785. Despite the huge improvement. in earnings, dividend was cut from 9 per cent to 8 per cent to conserve funds. Australian Factors Suffer Loss (Ji-.Z. Press Assp.—Copyright) . MELBOURNE, March 20. Australian Factors . (Victoria) Ltd., suffered a loss of £47,104 in- the six months to December 31 last, directors report. The loss. Was after providing £32,140 against bad and doubtful debts.- ' The latest . setback ■ fob lowed a loss of £110,499 id 1962453.’. F.T.C. One-For-5 Closes June 3 (N.Z. 'Press Association) WELLINGTON, March 20. •The Farjners’ Trading Company, Ltd , 'orie-for-five issue of 5s shares at 8s 6d premium closes op June 3. Payment is to be made*in full by that date. The new shares will, not participate in any dividend declared at the next annual meeting in June or July, but •wilF rank for all subsequent dividends. ■. '
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Bibliographic details
Press, Volume CIII, Issue 30396, 21 March 1964, Page 20
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308JOHN LYSAGHT AUSTRALIA Press, Volume CIII, Issue 30396, 21 March 1964, Page 20
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