Bridgevale improves
Bridgevale Consolidated, Ltd, increased unaudited group net profit for the halfyear to September 30, 52.5 per cent to $27,900. This was after providing $22,800 for taxation, $BOOO more than in 1976. The character of the group’s trading activities has changed since March 31 with the sale of the motor division and investment in motel and land development assets. For this reason a comparison of the turnover for the half year, with the turnover for the same period in 1976, would be misleading, the directors say. Since September 30 the holding company has issued 132,462 ordinary shares for the purchase of assets, they say.
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Press, 19 November 1977, Page 18
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105Bridgevale improves Press, 19 November 1977, Page 18
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