N.A.C. Profit Reduced
(N.Z. Press Association) WELLINGTON, June 14. The National Airways Corporation made a profit of £76,185 In the last financial year but this total was reduced by £55,101 —the indebtedness of South Pacific Airlines of New Zealand to the corporation by the end of November (when S.P.A.N.Z. went into receivership), plus the cost of continuing its business to February 28. N.A.C.’s revenue in the 1965-66 financial year £7,944,927, compared with £7,025,206 in 1964-65. Operating expenses (including depreciation) were £7,593,939, compared with £6,662,672.
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Bibliographic details
Press, Volume CVI, Issue 31086, 15 June 1966, Page 3
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84N.A.C. Profit Reduced Press, Volume CVI, Issue 31086, 15 June 1966, Page 3
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