R.T.Z. issue at 123p.
Rio Tinto-Zinc Corporation,■{ (Ltd, wil make a one-for-eight rights issue of 25p shares at, .a price of 125 p a share. Subject to audit, and be-1 i fore extraordinary items, the group net profit attributable; !to shareholders for the year {to December 31 was £62.0m, with £69.6m for: 11973. The 10.9 per cent reduction { lin net profit was due to a 1 substantial increase in tax after the changes in the tax arrangements for Bougainville. and the payment ofi Canadian Federal tax by Rio ' Algem in 1974 for the first ; time.
These changes more than offset the improvement in profits before tax resulting from higher metal prices, particularly copper, the average price of which was £B7B a tonne in 1974 compared with £727 a tonne in 1973.
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Bibliographic details
Press, Volume CXV, Issue 33790, 12 March 1975, Page 22
Word Count
131R.T.Z. issue at 123p. Press, Volume CXV, Issue 33790, 12 March 1975, Page 22
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Acknowledgements
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