PROFIT RISE BY C.G.F.A.

Press, Volume CIX, Issue 32234, 28 February 1970, Page 15

PROFIT RISE BY C.G.F.A.

Good Forecast For Year CV.Z. Press Assn. —Coppripht? SYDNEY, Feb. 26. ‘ Consolidated Gold Fields Australia, Ltd, yesterday an- ; nounced a net profit of ; 85,056,000 for the six months to December 31, a rise of 33.9 per cent . ■ The.operating profit before tax was $10,966,000 “ ($8,752,000). Tax took $3,922,000 ($3,314,000) and minority interests $1,988,000 -] ($1,605,000). The directors have declared an interim dividend of 7 per cent, payable April 24. Group profits do not include any profits from Western Titanium, Ltd, which became a subsidiary on November’lB. The directors say they expect the results for the full year to be in excess of those for 1969. i C.G.F.A. holds interests in many Australian miners, 1.a., i Bellambi Coal, Lake View 1 i and Star, Associated Minerals i ’Consolidated, and Golds- ' ■worthy Mining. The company 1 also has a majority interest i in Zip Holdings, of Welling- . (ton. i i LONDON ' OFFER ! slm To Help ’ Importers 1 A finance house, which 1 offers buying, confirming and ; shipping services to importers throughout the world is prepared to place a further ( slm a year in New. Zealand to assist importers. Mr L. G. Heath, senior buyer for Alexander Fraser and Son, Ltd, of London, said ! this on his arrival in Auckland at .the week-end. ...Wr Heath's ftve-week visit is to line with the company's policy of maintaining regular contact with established clients round the world. -Alexander Fraser provides overseas buying services, arranges credit, handles shipping and insurance formalities and generally acts as the London office of any of its many clients.