Hooker’s Interests Helping Loans
(N.Z. Press Assn.—Copyright) SYDNEY, December 7. Although L. J. Hooker Investment Corporation, Ltd., has, since December last year, borrowed the equivalent of 6,675,000 dollars in the United States, it was earning more in United States currency from its meat export interests than it was paying on its loans, said the general manager (Mr J. K. Campbell). In spite of the further 890,000 dollars loan from the United States announced last week, L. J. Hooker Investment Corporation, Ltd., would continue to look for funds outside Australia in order to reduce interest costs.
Mr Campbell said that out of total group borrowings of 32.3 million dollars, about 25m dollars was now on a very satisfactory basis as far as the company was concerned.
In their report with the accounts, Hooker directors re-
affirm their earlier prediction that, subject to reasonable business conditions, the 196667 year should see a resumption in the upward trend of profitability. Group profit was 41,000 dollars down at 765,000 dollars for the latest year, reflecting losses in the pastoral division.
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Bibliographic details
Press, Volume CVI, Issue 31237, 8 December 1966, Page 28
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176Hooker’s Interests Helping Loans Press, Volume CVI, Issue 31237, 8 December 1966, Page 28
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