Commercial N.C.F. Kaiapoi sees good profit

Press, 23 May 1977, Page 14

Commercial N.C.F. Kaiapoi sees good profit

N.C.F. Kaiapoi, Ltd, ex- i pects its profit in the full s year to September 30 will be 1 less than last year, but still quite satisfactory, says the i chairman (Mr I. A, Hart) in I a half-yearly report to j shareholders. 1 “In view of the weakness : in the United Kingdom fori fancy meats, and the fact 11 that we will have fairly p large quantities to sell in ; the next nine months, it is II difficult to assess what the [ profit for the year will be.” p Prices currently being ob-p tained for some of the fancy ! meat items are substantially 1 below values realised in the! last few years, he says. “Revenue from this source) is a considerable part of the) group’s total income, and a. fall in prices has a large im-ji pact on the over-all financial u position of the company.” p Overseas prices for cas- 1 1

ings have been sound, and) sales have been made at! higher prices than last year. The returns from rendering materials will also be higher reflecting the improvement in values of tallow, meals and dried blood, Mr Hart says, I Lamb killings fell 44,972; Ito 431,547 in the six months [to March 31, and the aver-1 [age weight also declined by! [o.4lkg to 13.42 kg. ! Sheep killings increased) '37,214 to 89,457. but the! ■ average weight fell 0.82 kg to! 21.38 kg. i ! “It is expected that the [ I final lamb kill will be about |9 per cent below last year.) [but that the sheep kill will) [show an increase of 25 per; cent, making an over-all decrease of between 3 per cent >and 4 per cent. A steady [interim dividend of 4c a 'share was paid on May 20.”