Forestry Firm’s Profits Up
(N.Z. Press Assn. —Copyright) SYDNEY, Jan. 10. In spite of a 24.2 per cent decline in covenant sales, Southern Australia Perpetual Forests, Ltd., has lifted its net profit by £15,080 for the year to October 31. The latest 37.1 per cent rise in earnings was after making no provision for income tax (£lO,OOO last year) and after lifting the depreciation charge by £1606 to £11,694. The chairman says that although £lO,OOO was provided for income tax in 1964, the company has so far had no assessment. The ordinary dividend distribution has been maintained at last year’s increased 8 per cent rate.
Vincent Chemical Lifts Earnings (N.Z. Press Assn. —Copyright) MELBOURNE, Jan. 10. Vincent Chemical Company Pty., Ltd., makers of A.P.C. lifted net profit from £126,295 to £194,884 in the year to June 30. The company is a subsidiary of Nicholas Pty., Ltd., makers of Aspro. The balance sheet shows a contingent liability of £72,550 for undistributed profits tax.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19660111.2.196
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume CV, Issue 30955, 11 January 1966, Page 15
Word count
Tapeke kupu
162Forestry Firm’s Profits Up Press, Volume CV, Issue 30955, 11 January 1966, 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