Carpenter’s profits up
(N.Z. Press Assn.—Copyright)
MELBOURNE, Oct. 24.
In addition to a record net profit for the year to June 30, 1972, W. R. Carpenter Holdings, Ltd, made substantial capital profits from the sale of shares and fixed assets.
Carpenter’s interests include financing, trading in commodities, shipping, insurance, milling, and manufacture of electrical goods. The group net profit for the year rose 4.5 per cent to $7,049,000. The profit was struck after tax provision of $3,293,000 dollars ($3,131,000) and depreciation of $2,936,000 ($2,786,000). A profit on the sale of investments of $1,505,000 came mainly from the sale of shares in Ansett Transport Industries, Ltd, to Thomas Nationwide Transport, Ltd, Carpenter held about 6 per cent of the Ansett capital. A profit on sale of fixed assets of $838,000 came chiefly from the sale of Laucala Island, Fiji, to American interests. Controls relaxed South Africa has followed up Tuesday’s small devaluation of the rand, and the decision to link the currency with the United States dollar instead of sterling, with a relaxation of import controls.
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Bibliographic details
Press, Volume CXII, Issue 33058, 27 October 1972, Page 18
Word Count
175Carpenter’s profits up Press, Volume CXII, Issue 33058, 27 October 1972, Page 18
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