Fountain recovers
Group; trading profit of Fountain; Corporation, Ltd, for the year ended March 31 was $153,000 compared with a trading loss of $1,077,000 in the previous year. Extraordinary items of profit amounting to $471,000 are added to the year’s trading result. Last year abnormal items of loss amounted to $322,000. The profit was achieved on a turnover of $8.7 million, 16.8 per cent higher than the previous year’s total of $7.4 million. Extraordinary items of profit include gains from the
sale of one of the company’s properties and from prioryears tax losses. No, provision for tax is required for this year. The Directors do not recommend payment of a dividend. Continued progress has been made in the marketing of new products and consumer response has been at a good level. Further product diversification is planned within the restrictions of available cash resources, the directors say.
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Bibliographic details
Press, 22 May 1982, Page 18
Word Count
146Fountain recovers Press, 22 May 1982, Page 18
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Acknowledgements
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