A.M.I. helped by tax-relief
NZPA Sydney I Australian Motor ln= dustries. Ltd, Toyota assembler and distributor, increased net profit 15.7 per cent to $5,738,000 in the! year to June 30. Group sales advanced 30.61 per cent to $252.1 M, but the! directors of the company.) which is half-owned by To-i yota of Japan, take a sober view of the result, and say i comparison with the 1976 j result is best made by refer-1 ence to the pre-tax figures, i
, rhe net profit was after (providing $3.8X1 for tax, 9.7 per cent down on the pre•vious year’s provision, after 'allowing for tax-relief of 18689,584 applicable to the trading stock valuation (adjustment. i The pre-tax profit is ahead only four per cent to 159,569,000. I
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Press, 2 September 1977, Page 10
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124A.M.I. helped by tax-relief Press, 2 September 1977, Page 10
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