Higher wool costs to be passed on
(N.Z. Press Association) AUCKLAND, November 2. Manufacturers, distributors and retailers would certainly not be able to absorb the recent increase in wool prices, and most of the additional cost would have to be passed on to consumers, Mr H. Korman, chairman of Holeproof Industries, Ltd, told the annual meeting of the company in Auckland today. Mr Korman said that in the current year sales and estimated profit were “holding” (last year profit fell by 8.6 per cent to $915,581), trade debtors showed a reduction, liquidity was improving and export prospects I were “quite reasonable.”
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Bibliographic details
Press, Volume CXII, Issue 33065, 4 November 1972, Page 21
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101Higher wool costs to be passed on Press, Volume CXII, Issue 33065, 4 November 1972, Page 21
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