PROFITABLE BUSINESS
COLONIAL SUGAR COMPANY.
(United Press Association. —Copyright.) SYDNEY, 4th November. At the half-yearly meeting of the Colonial Sugar Company the report shows that the net profits in Australia were £.254,124 for the six months ended 30th September, while the net earnings in New Zealand and Fiji were £154,320. Compared with the previous half-year, the Australian profits increased by £53,563, and thot« in New Zealand and Fiji decreased by £41,223. A dividend and bonus of 12^ per cent, for the year was declared, absorbing £304,687. The sum of £.100,000 was added to reserve, and £.3756 carried forward. Regarding Fiji, the chairman mentioned that the company had secured two more properties in order to ccn» solidate the position. One of ths pur> chases covered land owned by the Penang Company, containing the only other sugar mill in Fiji. Drought had seriously nfCected both this and next year's Fiji crops. The company had i.o intention of movincr its Auckland refinrrio-
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Bibliographic details
Evening Post, Volume CXII, Issue 110, 5 November 1926, Page 7
Word Count
159PROFITABLE BUSINESS Evening Post, Volume CXII, Issue 110, 5 November 1926, Page 7
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