Advertiser net down
N.Z. Press Assn—Copyright) ADELAIDE.
The group net profit of Advertiser Newspaper, Ltd, fell 9.3 per cent to $4,032,670 in the year to December 31.
The profit was after pro-: viding $270,833- less for tax at $2,318,244. but $345,920 more for depreciation at $1,013,725. A final ordinary dividend of 10 per cent, making an unchanged total of 20 per cent for the year, is payable on May 6.
“The deterioration in economic conditions in Australia in the second half of 1974 particularly affected the profitability of the newspaper division of the company,” the directors said.
The radio broadcasting division earned a much higher profit in the second half of the year than in the first half.
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Bibliographic details
Press, Volume CXV, Issue 33815, 11 April 1975, Page 12
Word Count
118Advertiser net down Press, Volume CXV, Issue 33815, 11 April 1975, Page 12
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Acknowledgements
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