Renison Back To Profit
(N.Z. Pres. Aten—Copyright) SYDNEY, July 25. - Renison, Ltd, today announced that the year to June 30 brought a net profit of $1,541,847 (1968 loss $910,902) after providing $1,025,289 (1968—5863,278) for depreciation and amortisation and $380,000 (nil) for deferred taxation. The company declared, a dividend of 20 per cent; (10c) a share, absorbing $365,440 payable on September 18. The statement said the company treated 378,329 tons of crude oil for the year to June 25 for a yield of 2216 tons of metallic content in high grade concentrate and 61 tons in low grade concentrate. The recovery rate was 59 per cent.
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Bibliographic details
Press, Volume CIX, Issue 32050, 26 July 1969, Page 18
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105Renison Back To Profit Press, Volume CIX, Issue 32050, 26 July 1969, Page 18
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