Rothmans improves
NZPA Sydney | Rothman's of Pall Mali J (Australia). Ltd, had a net 1 ! increase after minority inter- E i.ests, of 10.6 per cent to J sAust2.2M in the six months I J to December 31. In 1975-76 Rothmans star-: J ted the .year with a 60 per J cent recovery in earnings. J However, in the final half, 5 [profits fell 30.1 per cent to! J |$l.2M, following a 4.4 per S jeent drop in the volume of { sales, and the full year ini » [provement was limited to 2.1 * per cent at $3.1 M. ) The most material factor affecting earnings was the de- « cline in the volume of the ? total Australian cigarette ■! market, which became evi- ■' dent when tobacco taxes •( [were imposed in four states. J on top of the heavy increase L [in excise in August, 1975 J the directors said at the J ! time. But, the total market wa: | now showing signs of “somr 1 'recovery,” they said. Sales in the latest perio » improved 5.2 per cent t Z $130.2M. 5
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Press, 23 February 1977, Page 23
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175Rothmans improves Press, 23 February 1977, Page 23
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