Herald WT profit rises 17 p.c.
PA Melbourne Profit in the six months to March 31 rose 17 per cent to sAust 12.4 M from $10.5M, Australia’s largest media group. Herald and Weekly Times, Ltd. reported. The directors said the 17 per cent profit rise was earned on turnover of ?172.9M, up from $149.2M. Investment income rose to $3.4M (S2.BM previous), extraordinary profits amounted ’to $307,000 ($50,000) and minority interest payments were slightly lower at $475,000 ($509,000).
The directors issued no comments with the pro forma half yearly results, and were not available for discussion of the group’s performance. Tax was higher at S7.BM and interest charges more than doubled to $2.6M (SI.OM). Depreciation was relatively steady at £I.7M. The directors, said the steady 7.5 c a share interim dividend was paid on May 7 to shareholders of the books by April 23.
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Press, 5 June 1982, Page 21
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143Herald WT profit rises 17 p.c. Press, 5 June 1982, Page 21
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