NORTH B.H. EXPECTS FALL IN PROFIT
MELBOURNE, March 23. North Broken Hill, Ltd., the big silver, lead and zinc producer, expects profit for the year to June 30 next to decline from
7,576,000 to 6.3 m dollars. Directors said today this estimate was made on the
(N.Z. Press Association^-Copyright)
experience of the first eight months of the financial year, and on the assumption that present conditions would continue. The latest profit estimate was made after providing for royalty and tax of 3,322,000 dollars, or half of the actual 6,665,000 dollars provided for royalty and tax in 1965-66. Investment income was expected to decline from 2,742,000 to 2,670,000 dollars. Directors said that after appropriating 400,000 dollars for expenditure on plant, the surplus remaining would be about 5.9 m dollars, compared with 6,768,000 in 1965-66. Interim ordinary dividend has been held at 10 per cent, payable June 2.
N.Z. Reserves Improve (N.Z. Press Association) WELLINGTON, March 23. The overseas assets of the New Zealand banking system were £s7m on March 15, compared with £56.5m on March 8 and £55.9m last year. These figures were announced by the Reserve Bank today.
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Press, Volume CVI, Issue 31327, 25 March 1967, Page 18
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188NORTH B.H. EXPECTS FALL IN PROFIT Press, Volume CVI, Issue 31327, 25 March 1967, Page 18
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