Brambles expands into New Zealand market
Brambles Industries Ltd extends its general transport and international forwarding activities into NZ via Brambles Holdings (NZ) Ltd a joint venture with three Wellington Auckland and Christchurch firms. The venture acquired Barton Ginger Co Ltd Wellington J B O Loghlin Co Ltd Auckland majority Port Freighters Ltd Christchurch and linked these firms to NZ Australia shipping services and cargo consolidation operations. The venture received approvals from the Reserve Banks of New Zealand and Australia.
MENTIONED IN THIS ARTICLE
Brambles Industries Ltd
New Zealand
Operatin
Wellington
Auckland
Christchurch
Warwick J. Holcroft
Australia
Brambles
Brambles Holdings (Nz) Ltd
Barton Ginger and Co Ltd
J. B. O'Loghlin and Co Ltd
Port Freighters Ltd
Walcroft
Brambles Group
Brambles Holdings (Nz Ltd
Directors discuss James Hardie asbestos firms dealings
Hardie link James Hardie Asbestos Ltd and Hardie Holdings Ltd will discuss a member of the companies. Directors expect another announcement within the next week and advise shareholders not to sell their shares.
MENTIONED IN THIS ARTICLE
James Hardie Asbestos Ltd
Hardie Holdings Ltd
Lend Lease lifts payout after peak profit
Lend Lease Corp increased dividend after earnings surged in the year to June 30. Profit rose 604000 to a record 2240000, with a final dividend of seven cents and total dividend of 13 per cent. Earnings for tax and depreciation influenced the result, while revenue rose eight per cent to 56 million. Directors noted a one for five bonus issue and a 25.4 per cent return on capital. The annual meeting is set for September 5. Ponsford stake sale updates show Royal Sovereign Pencil and B Whelan Investments hold 60 per cent post offer.
MENTIONED IN THIS ARTICLE
Lend Lease Corporation Ltd
Sydney Stock Exchange
Royal Sovereign Pencil Company Ltd
B. Whelan Investments Pty Ltd
Ponsford, Newsman and Benson Ltd
Noteen
Royal Sovereign
B. Whelan
Ponsford
Market bid set at half cent for securities
A report notes the Australian Associated Stock-Exchange agreed that on Monday a market bid of 0.5 cent will be permitted on marketable securities. The move aims to adjust trading terms and liquidity within the market.
MENTIONED IN THIS ARTICLE
Australian Associated Stock — Exchange
Rom
Hardie Holdings Ltd reports profit rise and talks merger
Hardie Holdings Ltd lifts consolidated net profit by 69,972 to 706,083 for year to June 30 and reveals merger talks with James Hardie Asbestos Ltd. Tax jumps to 25,000. Final dividend set at five cents, 10 percent for the year. Wangaratta Woollen Mills lifts group net profit to 257,952 for year to May 31 from 254,954. Sir Theo Kelly of Woolworths announces Mr Fraser Coss as director to fill retirement vacancy, plus associates as associates. Directors of Thomson and Scougall Industries advise shareholders not to sell amid discussions with another company that could affect shareholders. Thomson and Scougall posts profit of 172,000 for last year, 17.6 percent on capital.
MENTIONED IN THIS ARTICLE
Hardie Holdings Ltd
James Hardie Asbestos Ltd
Hardie Holdings
Wangaratta Woollen Mills Ltd
Woolworths Ltd
Theo Kelly
Fraser Coss
N. J. Cross
Theo
H. P. Simons
C. T. Waldron
A. L. Percival
Thomson and Scougall Industries Ltd
Sydney
James Miller plans Sydney stock exchange listing after Forsyth Ropes purchase
Melbourne based James Miller Holdings Ltd and Forsyth Ropes Pty Ltd announce a proposed listing on the Sydney Stock Exchange after acquiring Forsyth Ropes. Directors say no new capital was issued and expect improved profitability and shareholder return from combining marketing and management. G D Forsyth to remain chair of Forsyth Ropes Pty.
MENTIONED IN THIS ARTICLE
James Miller Holdings Ltd
Sydney Stock Exchange
Forsyth Ropes Pty Ltd
James
James Miller and Co Pty Ltd
M. Donaghy and Sons Pty Ltd
G. D. Forsyth
A. Forsyth and Co Pty Ltd
Forsyth Ropes Pty
Emperor Mines Fiji gold production declines in year
Emperor Mines Ltd reported Fiji gold output for the year to June 30 at 98,245 fine ounces, down from 108,173 last year. Ore milled totaled 320,461 tons, with 66,251 tons rejected after processing and washing, and 294,213 tons fully processed.
MENTIONED IN THIS ARTICLE
Emperor Mines Ltd
Fiji
Lamson Industries Australia declares interim dividend
Lamson Industries Australia Ltd announces an interim ordinary dividend held at three per cent. Directors report group sales for the half year to June 30 rose 9 per cent from the previous year and profits increased by 24 per cent.
MENTIONED IN THIS ARTICLE
Lamson Industries Australia Ltd
Quiet end for four Cox group offshoots
Four subsidiaries of the collapsed Cox Bros Aust Ltd have gone into liquidation. Between them they owed unsecured creditors more than 1.7 million dollars. The four firms Bilsons Pty Ltd 75 Flinders Lane (G) Ltd 75 Flinders Lane Bendigo Pty Ltd and Chappe Toilet Salon Pty Ltd held unsecured creditor meetings in Melbourne to approve liquidation resolutions.
MENTIONED IN THIS ARTICLE
Cox
Cox Bros .Aust Ltd
M. W. Buckley
Bilsons Pty Ltd
Flinders Lane (G) Ltd
Georges Ltd
Flinders Lane
Bendigo
Bilsons
Flinders Bane
Chappe
Melbourne
Bradmill Industries Net Profit Surges in Year End
Bradmill Industries Ltd posts a net profit of 151.855 million for the year ended June 30, up from 1.684 million last year. Profit before tax hits a record 33.46 million, with tax rising to 1.59 million and depreciation to 1.629 million. Directors note preliminary figures subject to audit and recommend a final dividend of 5 percent, for a total annual dividend of 10 percent.
MENTIONED IN THIS ARTICLE
Grong
Bradmill Industries Ltd
Assoc Minefall Earnings Dip Despite Higher Depreciation
Associated Minerals Ltd, part of Gold Fields Australia, reports a slight profit fall to 51.6 million for year ending June 30 from 31.71 million prior. Tax steadies at 919,834, but depreciation and amortisation jump to 1.52 million from 988,283. Final dividend 24 percent, total 40 percent for the year. final paid August 29 with books closing August 15.
MENTIONED IN THIS ARTICLE
Associated Minerals Ltd
Gold Fields Australia Group
Hooker buys Perth hotel and plans site redevelopment
Hooker Projects (WA) Pty, Ltd exercised its option to buy the Esplanade Hotel in Perth. It is near completion of negotiations to acquire an adjoining Warehouse property from the Harper Trust. The total site covers over 270,000 square feet and redevelopment is targeted, with work possible within a year.
MENTIONED IN THIS ARTICLE
Hooker Projects (Wa) Pty, Ltd
Esplanade
Perth
al Most
Harper Trust
Indonesian nickel contract with Japanese firms announced
The Indonesian Ministry of Mining says a contract with several Japanese companies led by Sumitomo Metal Mining Co. will start in October to prospect and develop nickel mines in the Halmaheras. President Kenjiro Kawakami is visiting Jakarta.
MENTIONED IN THIS ARTICLE
Ministry of Mining
Sumitomo Metal Mining Co
Kenjiro Kawakami
Djakarta
Halmaheras
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