Network pays less tax
The group net trading profit of Network Finance. Ltd, Sydney-based real estate financier, rose 8.3 per cent to $Au5t1,134,676 in the six months to December 31. after reduced profits from the group’s Victorian residential estates was offset by reduced bad debts and taxation.
The result was after providing $377,440 less for tax at $266,173. A steady interim dividend of 3c a share (6 per cent) is 'payable on March 31.
Donaghy rates up Donaghys Industries, Limited, advises that in accordance with the terms of the prospectus issued on November 11, 1974, the interest rate on stock issued for five, eight, ten, and twelve years has been increased from 11 per cent. For the year to February 28. 1979 interest at the rate of 12.5 per cent will be paid on five-year stock and 12.75 per cent will be paid on the rest.
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Press, 7 March 1978, Page 18
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146Network pays less tax Press, 7 March 1978, Page 18
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