Shell profit £3l9m
The Royal Dutch Shell Oil 'Company.' Ltd, reported record profits totalling £3l9m for the three months Ito March 31 compared with |£llsm for the same period lof 1973. About half of this profit was an estimate of earnings made from oil already in stock after heavy price increases were imposed last year by the oilproducing states. “Oil product rises in some major markets allow little or no profits on the current cost of supplies.” the chairman lof Shell’s British company (Mr F. McFadzean) says. “The first-quarter results must not be regarded as inIdicative of the trend for 1974 as a whole.” he added. . Gear dividend.—Tire Gear Meat Company. Ltd. will pay a steady | Interim dividend of 4 per cent (4 cents a sharei on Tune 13
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Bibliographic details
Press, Volume CXIV, Issue 33539, 21 May 1974, Page 18
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129Shell profit £3l9m Press, Volume CXIV, Issue 33539, 21 May 1974, Page 18
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