Carbor’um sales increasing
PA Auckland Carborundum N.Z., Ltd, sales in th-t first quarter of the year were ahead of last year by 5 or 6 per cent, the chairman, Mr L. R. Willis, told the inaugural annual meeting in Auckland. Provided there was no major downturn in the economy, the company would continue to prosper. As reported, the 1985 year resulted in a 27.6 per cent lift in audited tax-paid profit to $1,009,000 on sales 24.7 per cent higher at $B.l million. Mr Willis reminded shareholders that their funds represented 74 per cent of total assets. After eliminating intangibles, the equity ratio was still a healthy 67 per cent of tangible assets. Hong Kong Industrial Equity (Pacific) shares sold at SHKIB its 1 Hong Kong yesterday. Q
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Press, 10 July 1985, Page 37
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127Carbor’um sales increasing Press, 10 July 1985, Page 37
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