Carter Sees Recovery
Trading and profitability of Carter Consolidated, Ltd, Auckland timber group, has increased since the recently ended fiscal year, and directors say they are confidently budgeting for higher profitability in the current year. In the year ended March 31 last, the company experienced another difficult trading year, says the chairman (Mr K. C. A. Carter) in his annual review accompanying the full accounts. The accounts confirmed the 8 per cent profit fall to $334,381, after less depreciation and substantially lower tax. As announced, the dividend was pruned from 9 to 7.5 per cent. The value of turnover increased from $9.6 to $10.3m.
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Bibliographic details
Press, Volume CIX, Issue 32048, 24 July 1969, Page 16
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104Carter Sees Recovery Press, Volume CIX, Issue 32048, 24 July 1969, Page 16
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