B.H.P. Profit Up 10.9 p.c.
(N.Z. Press Assn.—Copyright} MELBOURNE, July 12. The group net profit of Broken Hill Pty, Ltd, Australia’s biggest industrial enterprise, rose $4,616.000—0r 10.9 per cent—to $46,787,000 in the year to May 31, according to a preliminary report. The result is after providing $5,327,000 more for depreciation at $80,507,000 and $5,965,000 less for tax at $26,345,000. The statement said that $4,275,000 has been appropriated for expected expenditure on mining plant and development. Last year’s appropriation under this heading was $2,501,000. $1,200,000 has been appropriated from parent company profits for development, the statement said. The figures are unaudited.
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Press, Volume CVIII, Issue 31730, 13 July 1968, Page 18
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100B.H.P. Profit Up 10.9 p.c. Press, Volume CVIII, Issue 31730, 13 July 1968, Page 18
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