Canty Roller cwt
The lower company tax rate helped prevent Canterbury Roller Flour Mills Company from reporting a much lower group net profit in the year ended June 30. The final result was down $lOOO on the previous corresponding period at $95,000, after tax took $51,000 less at $BB,OOO. The pre-tax profit was 28.3 per cent behind at $132,000 after turnover dropped a marginal $50,000 to $1.65 million. Canterbury Roller’s chairman, Mr Jack Brand, said the main reason for the decline in pre-tax earnings was the increase in the Australian Standard Wheat (ASW) price.
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Press, 24 September 1988, Page 32
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94Canty Roller cwt Press, 24 September 1988, Page 32
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