Wunderlich aids J. Hardie profit
NZPA Sydney j Improved results from In- ' donesia and New Zealand to- • gether with the addition of profit and sales figures from ! the Wunderlich asbestos di- - vision enabled James Hardie ' Asbestos, Ltd, to increase I net profit for the six months to September 31, 19.3 per cent to $B. IM. ' The directors attributed ' the better result in New Zealand, which was achieved 1 against a continuing down-1 ward trend in the building ’' industry, to greater efficien-r cy and a good performance’" in the market place. Results for the full year’ will include a five-month: contribution from the newly) ’ acquired Reed Consolidated) ■lndustries, Ltd. j ..Included in the interim))
profit are results (not sped-; 4 fled) of the company’s SI9M purchase, from CSR, Ltd, ; last year of the asbestos ce- ; meat division of Wunderlich, ,> Ltd. Wunderlich's figures j were not. included in the 4 p- .vious first-half. . (’ The interest bill up SI.BM J to $4.2M and depreciation i charges up $870,000 to 3 $4.9M reflect the inclusion j of the Wunderlich purchase’s in the latest period. |( i Sales for the opening half:)) lof 1978-79 were 23.8 per * ’cent higher at $120.8M. s ,
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Press, 7 November 1978, Page 26
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196Wunderlich aids J. Hardie profit Press, 7 November 1978, Page 26
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