First T.H.C. profit
Preliminary results for the year ended September 30 indicate that the Tourist Hotel Corporation made a small net profit for the first time. Mr N. Coxhead, of Timaru, the chairman, said that although the results to hand were provisional and subject to final adjustment and audit, the trends were most encouraging.
But while forward bookings for the peak months were well up to expectations, uncertaintv over the fuel situation both at home and overseas precluded long-range forecasts, he said. Hotel profit improved by $315,671 over the previous year and sales revenue rose from $7.83m in 1971-72 to $9.07m.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19731220.2.195
Bibliographic details
Press, Volume CXIII, Issue 33413, 20 December 1973, Page 20
Word Count
101First T.H.C. profit Press, Volume CXIII, Issue 33413, 20 December 1973, Page 20
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in