URIH in profit
United Resources Investment Holdings, the Auckland-based resources investor, has returned to profit with a total net result of $1,820 million in the year ended June 30 ($361,000 loss previously).
The directors state that if equity accounting of the company’s associates had been done URIH would have recorded a further $7.945M in profits, of which $5.984M related to extraordinary items.
United Resources Investment Holdings unaudited result for year ended June 30 1989 1988 ($000) ($000) Turnover 626 211 Pre-tax loss (897) (361) Taxation — Extraordinaries 2717 — Total result 1820 (361)
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Press, 2 November 1989, Page 42
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91URIH in profit Press, 2 November 1989, Page 42
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