C.T.P. loss $690,261
Canterbury Timber Products, Ltd, reports an unaudited trading loss of $690,26! for the full year to March 31—only $110,973 more than the loss for the first half, which was $579,288. Commercial production began in Juno last year. The provision for depreciation was $735,000. There was also an unrealised loss of $66,633 arising from exchange conversions of overseas borrowings, the directors say in the brief preliminary report.
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Press, 6 July 1977, Page 24
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69C.T.P. loss $690,261 Press, 6 July 1977, Page 24
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