Kathleen profit fell 53 p.c.
<N.Z. Press Assn.—Copyright) BRISBANE, Jan. 24. The net profit of Mary Kathleen Uranium. Ltd, fell 53 per cent to $84,971 in the year to December 31. The profit was after charging research and development expenditure of $45,787 and making other smaller adjustments. In the previous year these expenditures were transferred directly to reserves. The company’s uranium mine is on a care and maintenance basis. The directors said the question of reopening it was under continuing review. The cost of care and maintenance and recommissioning was $470,191 compared with $412,342 in 1972. No dividends have been paid since 1964. The directors said in November that the company held approved contracts requiring the delivery of 4870 tonnes of uranium oxide. 1 They also said they had' submitted contracts for about | a further 1034 tonnes of! uranium to the Government) and these were awaiting ap-) proval.
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Press, Volume CXIV, Issue 33442, 25 January 1974, Page 24
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148Kathleen profit fell 53 p.c. Press, Volume CXIV, Issue 33442, 25 January 1974, Page 24
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