Carter net profit 47 p.c. higher
Carter Hott Holdings, Ltd, the Auckland-based sawmiller and building supplies group, increased its total group net equity profit 23.4 per cent to $21,898,000 in the year to March 31, the directors announced in a preliminary report yesterday. The profit was after providing $1,607,000 more for tax at $3,658300, and $247,000 more for depreciation at $5,349,000. Minority interests in subsidiary company profits took $1,219,000 more at $5,136,000. Extraordinary profits, arising mainly from property sales, were $735,000, com-
pared with $2,967,000 previously. Group net profit attributable to shareholders of the holding company was thus $16,027,000—an increase of 47 per cent. The results of Henderson and Ltd, which cover an iPmonth period after a change of balance date, are equity accounted for a period of 9 and one-half months from Carter Holt’s takeover of the company in June, 1981. The results of Canterbury Timber Products, Ltd, are consolidated into the group accounts for the six months from October 1, 1981.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19820529.2.93.8
Bibliographic details
Press, 29 May 1982, Page 18
Word Count
163Carter net profit 47 p.c. higher Press, 29 May 1982, Page 18
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