T.N.T. doing much better
NZP/X Sydney Thomas Nationwide Transport, Ltd, earned more during the nine months to March 31 than for the previous full year, and appears to be heading for a record year. The company’s net profit for the latest nine months, rose 65.4 per cent to $Au5t14.915,000, representing a $696,000 increase on earnings for the 12 months to June 30 last year. T.N.T. suffered its first profit downturn last year, since incorporation in 1961, when earnings slipped 1.5 per cent to $14,219,000, mainly as a result of the nine-week longshoremen’s strike in the United States, and losses in the formerly
w hoi! y-owned EuropeNigeria shipping venture. The group’s United States container shipping subsidiary, Trans Freight Lines Inc. was trading profitably, and is expected to produce a satisfactory result for the year. Last year T.F.L. lost $4.5M, because of the longshoremen’s strike, and the net loss amounted to SI.4M. “The substantially improved profit for the nine months reflects the resump-1 tion of normal trading by Trans Freight Lines, and the changes made in respect of Acme Fast Freight Inc, and the Nigerian operations as stated in the half-yearly report,” said the chairman of T.N.T. (Mr F. W. Millar).
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19790509.2.155
Bibliographic details
Press, 9 May 1979, Page 25
Word Count
199T.N.T. doing much better Press, 9 May 1979, Page 25
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