FALLS

Press, 17 December 1976, Page 19

FALLS

Daily volume 1 • 1 ■ AM • commercial A total of 334.600 shares J ■ was traded on New Zealand ■Mh i f* • e • Brother ahead stock exchanges yesterday. 82.400 fewer than on Wed nesday. Industrial shares totalled 321.700 1414.200 on aurora prom rises for six months Brother Distributors. Ltd. increased sales-revenue 7 per cent in the half-year to September 30. This was insufficient to keep pace with inflation. but despite the fact that overheads were higher, the net profit for the six months was slightly ahead of that for the previous corresponding period, last year, the half-yearly report says: "Once again knitting maWednesday), and 12.900 mining and oil were traded (2800 on Wednesday). A total of 115 issues was traded. l@'L@ll The group net profit, of the Aurora Group. Ltd, including the retained earnings of associated companies, rose 21.2 per cent to $590,125 in the year to October 31, the directors say in a preliminary report. The increased results for the have been contributed to ay the three divisions of the group. Realised capital reserves were increased $83,717 from the sale of land taken for a motorway at the rear of Aurora House. Wellington, and by the sale of assets surplus to requirements in Hastings. To mark the company’s 50th year, the directors ilanned that a. one-for-ten >onus issue be made from the revaluation of assets reserve, however an appli(Limitation of Distribution)|and the company’s substanregulations, 1976, for approval tial investment in first-class, of the issue was declined. well-located central city real The directors say that a estate affords shareholders an bonus issue will be made in opportunity to participate in 1977. legislation and condi-1 the rewards on such investtions permitting. merits, the directors say. In view of the present high since the en d of the finanlevel of the dividend-cover, cial year one o f the group’s it is planned that the current subsidiary- companies. Vibradividend rate of 12 per cent pac Masonry (Wellington). The five most active New Zealand shares were: Dorn. Brew. . 23.400 Grovenor 23.400 Winstone . 18.700 N.Z. Forest .. 12.101) and new . 10.300 Republic 9.800 INDICIS New Zediana. \ew Zealand United Corporation. Ltd dail\ index base 100 Januarx 21 1957 Dec. 10 298.71 Dec. 13 .. .. 297 43 Dec 14 2967)3 Dee. 1.) 299.81 Dec. 16 301.76 Sydney.—Sydnej stock r.x change l.tulv 1931 lune. 1939, Retail Inds All 'nds Dee. Ill 381.,14 3.14.77 43' 45 Dec. 13 379.36 352.18 430 71 Dec. It . . 380.24 353.43 433 .55 Dec. 15 380.39 356.74 437.56 Dec. 16 . . 383.55 358.00 438.00 Keeps in heat, cuts out noise and reduces condensation 1 lh J 1 i J 1 u uc <u n.aiuuauivu lio, Pas rationalised its aes-icnmes nave captured a large on the total increased ordm- Pa tch. transport and seiTng share of the market. ar y capital. arrangements in co-operation J “The Bev-knit stretch stitch The directors say that a. w jth one of its previous dis-;patterns have shown a subdemand for space in all ot-tributors. Cement Products,IstantiaI increase in turnover the company s office buildingswhose senior staff have i this year and are proving remains hrm. and that as| now joined the group. -most popular, leases come up tor review or — " lx , -‘Brother nortahle tvneronpwal thev arc bpint> rp The results from the motor; tsrotnet po taoit tvpe renewal, tney are oemg re- ... . . . ( writers are selling over a viewed or the space re-let atl ani ?. ,on ,°* t . e g rall P ha Y e raneP n f fi ve machines and r pm mark-pt IpvpIs ;continued to improve, despite; nge „ current market levels. ; t} denressed trading oreva- iare wel! established m office. A number of the company s , e uepresseu naumg preva „ r . r .|;„ n ..„ denarrment larppr leases am due tn he■ ient m the motor industryi a PP !lal ?, Lt , a “ a . aepartment larger leases ate due to De , f th , ,, par ■’istores. the chairman (Mr I. reviewed during the next 101 ' nost tl1e > ear - j Wi | son) savs two to three years. The profit was alter pro- A stead jaterini dividend Property still remains the viding $o9 398 more tor tax of 4c a share (8 per cent) has No issue l. i The directors recommend 1 J a tax-free final dividend of 3c DlrlllllkU a s,1are (6 P er cent), making mauauivaa a steady 6c a share (12 per ; cent) for the year. i Bii.-ine.-8 personals Mr G. G. Richards, nas movements over a period in, been appointed secretary of he value of the Australian I British Pavements (Canterlollar in terms of the cur-; bury) Ltd, with effect from encies in which sales con-1 February- 1, 1977. He reracts are expressed.” places Mr T. Mackenzie who The revised profit pre-;is retiring after 40 years diction comes less than a I service. month after CSR forecast ai , lower profit for the full Chrjstchurch cha of I ae ' ; change for the 1976-77 vear When the company re-. is Mr W. J. McKie, Mr D S ported its profit for the six Dott becomes vice-chairman months on November 17, thei and t b e new committee is, directors said on the trendsi Mr j. m. T. Greene. Mr B evident at that stage group| H . 0 > Mallev> Mr R . j. Ril ’ profits in the 12 months to Mr , L stun-e and Mr I R March 31 would fall short of Tignall ge and Mr J ' R ' last year. 1 5 ' The net devaluation since- , then has completely altered; 1 inii that gloomy outlook. ‘ n lists As reported, group net December 13. profit rose 13.1 per cent tolinvestors .. 70 76 $Aust23.3M. Sales improved'first N.z 122 iso 19.1 per cent to $875.0M. ‘ N - z - hcorae 78 88 been paid to March 31. The directors, were confident that the results for the year to March 31 will fully warrant payment of the same dividend rate as last year, when 10c a share was paid. Indnst. Govt Gold Dec. 9 . 319.4 511.56 1:15 :: Dec. 10 t.'lO.I 58 73 127 ; Dec. 13 .. 333.7 59.01 122.6 Dec. 14 324.3 58.87 119 9 Dec. 13 . 313.8 58.92 120.2 N«v, York.—Uow .lono ln«i I’sp. T’over Dei 9 970.74 231.10 31.800.000 Dec. 10 973.13 230.88 25.960,000 Dec. 13 974.24 230.30 24,830.000 Dec. 11 980.63 232.85 25,130.000 Dec. 15 983.79 234.43 28,300.000 Bumiw-s personal Mr N. R. Moller has been elected chairman of the board of New Zealand Moton Bodies, Ltd. Zip Thermosash Double Glazing cuts heat escaping from your windows. It also reduces outside noise. Fitted to new or existing windows. Mi ■ Please send me Thermosash 1 1 1 Double Glazing Brochure | J | Contact me for a free, I no obligation quote I i 1 1 Name...- .. 1 1 N Z P A CSR. Ltd, does present contemplat any further share outgoing chairman Sydney not. al e making ssues, the (Sir John Consortium formed New Zealand Forest Products, Ltd, which previously WlZip 1 Dunlop) says in the corr - 1 Address 1 (Sir John will retire at the end of March, and will be succeeded as chairman by Sir Gregory Kater). Devaluation has given CSR a brighter profit outlook for 1976-77, and the revenues from exports of sugar and minerals over the remaining four months of the year “should now. be higher than expected.” held 1,499,250 of the 1.5M COMMERCIAL INTERIORS 189 Antiaua St, CHRISTCHURCH Phone 63-937 P.O. Box <• shares in Nelson Pine Forest, Ltd, has arranged to dispose of 75 per cent of this interest equally to Odlins, Ltd, Seatrans, Ltd, (a member of the Owens, Ltd.~ Group) and TNL Group, Ltd. In the course of this N.Z. MAR ■ Phone 1 r asm rrbkI The New Zealam trading yesterday. Sect! rises of up to 5c. Broad transaction the activities of Radiata Transport, Ltd, are being merged with those of Nelson Pine Forest. Nelson Pine Forest is a Nelson-based public company engaged in the production of wood chips for export to Japan. FALLS New Zealand Price Var’n - - “The extent of the increase will depend upon r —. - k A FOR A Harvev .. 370 5 AGH .. 74 I — —- _ _ fii . _ — 1 U LEASE Sir John described these — — Brierley . . 212 5 ! 1 > 1 V results as disappointing. '“Largely thev reflect the * I • Willans and Davies covery overseas and in Aus-I tralia had not been realised.”' Pel Brdld .. 70 1 CFM . . 177 2 Carter Holt .. 277 2 Challenge .. 204 2 Chch Gas .. 66 1 DRG . . . 78 1 1 0gB_jB 'll 1 ” Devaluation was tnevi- I'llMlTlS table.” said the deputy-gen- I fl 0*11 eral manager of CSR (Mr A. 1 J. Campbell) at a press conference held to explain the Tlle unaudited groun net report. profit of Wilkins and Davis, “It had to happen. The L td, slumped from $259,596 only surprise was that it. t0 $27,353 in the six months had not happened earlier. t0 September 30. “Devaluation will help our The directors say the poor company considerably, but result in the first six months we still don’t know by how!is casued by substantial much,” be said. '■ losses on the Mangere He pointed out the 37-day; bridge contract incurred durstrike at Mount Newman —ling the period. a dispute which ended oni The results from all other Tuesday — would probably icontracts were within norcost CSR “about $1.0M inimal variation of budget lost profits.” , figures. slumps EBOS . . . 82 2 FTC . 95 1 | psr annum ■ 'i'4 i Feltex .. 116 2 Fletcher . 230 7 Fletcher .. 230 7 Freightways .. 90 1 Mtr Holds . . 71 1 MSI Corp . . 87 2 Neil Holds 175 5 NZFF 140 2 NZ Forest new 253 3 NZ Steel . . 172 2 1 NZTS . . 155 3 Pye . . 100 1 Sanford . . 170 5 Skellerup .. 330 2 Sth British .. 255 3 1 Trans Holds .. 125 2 i TNL Gp ..102 1 UEB Pref .. 90 3' Waitaki NZR .. 128 3 Wmstone .. 80 1 1 For 4 years on guaranteed unsecured notes and 5 and 6 years on guaranteed first charge debenture Stock. tMinimurn investment is S200 j r 1 k.l| t! 1 ii % 43 Reference was made in the chairman’s address to shareholders in the latest annual report about the difficult industrial relations on the Mangere bridge contract. During the latest period, the situation deteriorated and there was a total steppage of work during September, they say. After a compulsory conference, held at the end of September, work on the project was resumed, and con■Trust fleet: c-ctect on. Both guaranteed first charge ■debent j-e stock and guaranteed unsecured notes are |wncond , t'ona.;yg ja'a''teed by the parent company ■Austra;ai Guarantee Corporation Limited. 1 Applications wi : l proceed only bn .one of the forms of ■ aop cat .on re<e r red to in and issued with a printed Australian Guarantee Corporation (N.Z.) Ltd. 1 Please send me, without obligation, a free prospectus , wnich contains full details of all investment opportunities available. Christchurch Box 13-347 Phone 799-900 i Dunedin Box 134 Phone 79-131 li 5 5 J -J Prestidge office accommodation available now at the most competitive rates in the central ■ copy of the prospectus which is available from t h e loom pan vat CMl Centre. Oueen and Wvndham Streets. 1 Bradmill purchases tinuing negotiations have been held with the Auckland Trades Council to try to imlA’JCr : Cr ~ a : c c 3»GS F16/R/CP 1 Phone 62-695; A.H. 518-083. Amoil ... 13 1 | Republic .. 30. 2 !