Holt firm result
PA Wellington Carter Holt Harvey’s Chilean associate company. Copec, had tax-paid earnings for the year ended December! 31 of $U5140,578,000 (SNZ2IO.BM) which is a ,130 per cent rise from 1986 ($U561,149,000, or 5NZ91.65 million). Carter Holt said the 1987 result was the largest since Copec's foundation in 1934. All major subsidiaries had a good performance, particularly the forestry, pulp [and fishing companies, it added.
Performance within ) the fuel distribution area was in line with the previous year while a strong trend in the main operational areas continued this year. Carter Holt participates in Copec through its 50 per cent ownership of the investment company, Los Andes, which holds 53 per cent of the equity of Copec. !
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Press, 4 March 1988, Page 12
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119Holt firm result Press, 4 March 1988, Page 12
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