Coles listing
Retailer, Coles Myer, said it has applied to the New York Stock Exchange to list its American Depository Receipts from October 31. Coles Myer ADRs trade in the ratio of one to three common shares. The company reported a 50 per cent rise in net profit to sAust32B million (SNZ426M) on sales of sAustl2.B billion in the year ended July 31. It is already listed in Australia, New Zealand and London.
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Press, 8 October 1988, Page 32
Word Count
73Coles listing Press, 8 October 1988, Page 32
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