H. Jones profit $5.3m
Henry Jones (IXL) Ltd, , more than doubled net; operating profit to $2,256,000.; and had net capital profits;, of $3,030,000 in the year to September 30. The provision; for depreciation was $102,000' lower at $789,000, but the pro- i vision for tax was $324,0001 higher at $744,000. As previ-; ously reported, shareholders have received total dividends ■ of 8c a share compared withl the 4.67 c a share, after ad-j justing for the bonus issue, in 1972. Bougainville storm
The political backlash from the latest profit of Bougainville Copper. Ltd, has scared buyers in the stock on the Sydney sharemarket. The price of the shares has dropped since the profit announcement triggered a storm of protest in the Papua New Guinea Government. An immediately-effective corporate tax of 80 per cent on the operating company for the Bougainville mine and immediate negotiations by the Government to take a controlling interest in the mine has been called for.
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Press, Volume CXIV, Issue 33454, 8 February 1974, Page 12
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158H. Jones profit $5.3m Press, Volume CXIV, Issue 33454, 8 February 1974, Page 12
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