Firestone N.Z. earnings fall
The unaudited group net profit of Firestone N.Z., Ltd, fell 6.1 per cent to $1,004,298 in the six months to April 30. Although there is some decline in business activity, the directors expect to maintain the reported level of earnings in the final six months to October 31. The group net trading profit fell $3538, or 0.3 per cent, to $1,021,463, before the deduction of a provisional exchange loss of $17,165 i ($45,016 gain previously) resulting from exchange rate ! fluctuations during the period. No adjustment has been made in the latest result for the 5 per cent tax relief on stock values.
The profit was after providing $103,190 more for depreciation at $605,109, but $41,635 less for tax at $797,002.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19780527.2.125
Bibliographic details
Press, 27 May 1978, Page 19
Word Count
124Firestone N.Z. earnings fall Press, 27 May 1978, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in