Rosy outlook for C.B.A.
INZPA Sydney A strong 47,7 per cent increase to SAustB.4M for General Credits, Ltd, in the year to June 30. has assured that The Commercial Bank of Australia achieves a healthy profit rise in its June 30 year. The C.8.A., which wholly-] owns General Credits, is to! release its results to thei Melbourne Stock Exchange! tomorrow. The higher contribution from General Credits coupled with the announcement last month that the C.B.A. was to increase its dividend rate from 14c a share to 14.5 c a share, indicates that its profit will easily exceed the 511.7 M earned in 1974-75 — 26.9 per cent; higher than the previous! period.
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Press, 25 August 1976, Page 18
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111Rosy outlook for C.B.A. Press, 25 August 1976, Page 18
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