From loss to profit
Citinational Holdings, Ltd, Sydney-based merchant bank and money market dealer, transformed $A614,544 loss to a $Al.9m group net profit in the year to June 30. Most of the profit came from released portfolio gains, reflecting the decrease in shortterm interest rates. The directors have declared a 5 per cent dividend (previously nil), absorbing $200,000.
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https://paperspast.natlib.govt.nz/newspapers/CHP19750827.2.187
Bibliographic details
Press, Volume CXV, Issue 33932, 27 August 1975, Page 19
Word Count
58From loss to profit Press, Volume CXV, Issue 33932, 27 August 1975, Page 19
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Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
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