MOULDED PRODUCTS
“Difficult Year Ahead”
(N Z P A -Reuter—Copyright) MELBOURNE. May 4. Moulded Products (Australasia), Ltd. Australia's biggest plastic group, expects to maintain its position in the industry and directors believe results for 1961 will compare favourably with the rest of industry. Mr F. L. Fitzpatrick, the chairman, said this in today’s annual report. He said the long-term prospects for continued expansion and progress by the company were sound in the short-term the company faced a difficult year. The Government’s policy on imports and credit had struck at the volume of local activity, as indeed it was intended to do. he said. Effects of this would be felt particularly in the consumer division which sold to many thousands of customers McKendrick Issue. McKendrick Glass Manufacturing Company. Ltd. Whangarei, will make a public issue of 150.000 £1 ordinary shares. Net profit of the McKendrick group in the first six months of the current year was £28.000. compared with £29.654 for the whole of last year. Interim dividend has been raised from 4 to 5 per cent.— (PA.)
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19610506.2.192
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume C, Issue 29506, 6 May 1961, Page 15
Word count
Tapeke kupu
177MOULDED PRODUCTS Press, Volume C, Issue 29506, 6 May 1961, Page 15
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in