Wynyard lifts profit and payout
Wynyard Holdings Ltd the Sydney hotel owner lifted consolidated net profit from 473104 to 486074 for the year to June 30 despite a tax provision surge. Ordinary dividend rises to 7 percent with a final payout of 34 percent and total distributions absorbed 307984 up from 263988. Consolidated operating profit before tax grew 41 to 877840 from 621596. Depreciation 182460. Directors noted all divisions improved, Menzies Hotel occupancy up, Wynyard House average 8 percent occupancy, shops fully leased, car park profit up, and Mr D La McIntyre to join the board.
MENTIONED IN THIS ARTICLE
Wynyard Holdings Ltd
Sydney
Menzies Hotel
Wynyard House
1D. la McIntyre
Schweppes
Averalia) Ltd
Escavoee
Sfhe
Vtyelie Ltd
Melbourne
Tom Hearne
Formips
WAS
Met
Sydmey Transmission
Peguy Ferim
IN Holdings
Intrade Chemicals
Syd
Britain to abolish Commonwealth preference impact on Malaysia exports
London reports that about 2 percent of Britain's exports to Malaysia would be affected by the decision to abolish Commonwealth preference on several imports. The statement was made by Mr M Montague, chairman of the Asian Committee of the British National Import Council, late Friday night.
MENTIONED IN THIS ARTICLE
London
Aapreuter
Britain
Malaysia
British National Import Council
M. Montague
Sydney Bankers Case Faces Delayed Reaction on Market
Sydney banks eased in trading on the stock exchange following the Reserve Bank announcement of lower fixed deposit rates. Declines in Bank Asselaulee and Bank NSM contrasted with mixed trading as investors reassessed deposit firm prospects and steel prices influenced shares.
MENTIONED IN THIS ARTICLE
Sydney
Syenew Stock Exchange
Reserve Bank
Glenfinlas Takes A Bow On Clydebank Launch
The Glenfinlas, a 21 knot 13,000 ton cargo liner, was launched at Clydebank Glasgow Scotland. She features three stainless steel tanks for chemical cargoes and three main holds for general cargo. She will join Glen Lines Far East service with fully refrigerated cargo space down to minus 29 degrees Celsius.
MENTIONED IN THIS ARTICLE
Clydebank
Glasgow
Scotland
Glen Lines
Repco lifts profit seven percent to record high
Repco reports annual net profit rising 7 percent to a record level as trading conditions remain difficult. VAT provision fell and depreciation rose, with earnings 34.1 percent on capital. Directors maintain the ordinary dividend at 6 percent and final dividend to total 12.4 percent. Trading profits before tax and a placement to acquire another company are noted.
MENTIONED IN THIS ARTICLE
A. G. Sims Ltd
Sydney
Laxa
ANU
Aretha
SSSA
Knney Stock Exchange
Intrade Directors Vied to Wind Up Operative Company
Intrade directors clashed over winding up the company as founder Dr Rudolph Krupicka opposed unseating the board. Annual report showed profit drop from 596,594 to 559,720 with weaker building activity and higher costs. Schweppes and others announced share issues. tax provisions and depreciation affected results.
MENTIONED IN THIS ARTICLE
Ois
Intrade
Swans
Sydney
Ler
Rudolph Krupicka
Coal remains key power source says Lord Casey in Canberra
Governor General Lord Casey opened the Royal Australian Chemical Institute convention declaring black coal to be the most important domestic power source and noting that 70 percent of black coal is mined in New South Wales.
MENTIONED IN THIS ARTICLE
Asia
Ndia
British Commonwealth
I Ndia
Aus
Lysaght Lifts Prices On Steel Sheet And Coil
John Lysaght Australias Ltd will raise prices for steel sheet and coil by 28 per ton about six percent of selling price. Directors said the move was necessary after minor price rises by BHP and Australian Iron and Steel. General Motors Holden expects the rise will not trigger motor vehicle price increases, noting the total impact is small and may be absorbed.
MENTIONED IN THIS ARTICLE
John Lysaght
Australias Ltd
Sydney
BHP
Australian Iron and Steel
Creneral Motors
Australia
Tse
Inl
Melbourne
Preference losses in Malaysia affect key export items
Malaysian authorities cut preferences on sugar, motor vehicles and brandy to raise about 6 million for a new development plan. They cited revenue needs to fund growth, while encouraging local production like sugar cane and motor vehicle assembly for future industry.
MENTIONED IN THIS ARTICLE
CSR
Australia
Fiji
Commonwealth
Policy failure on Malaysia split sparks trade fears
The article notes difficulty agreeing a common policy with Singapore contributed to Malaysia's breakup last year. It highlights trade losses, citing about 147 million dollars of goods affected from 1964 data, and suggests Australia may refrain from retaliation while the UK and Singapore face broader Commonwealth losses. It mentions updating trade treaties to cover Malaysia beyond the States of Malaya.
MENTIONED IN THIS ARTICLE
Singapore
Malaysia
United Kingdom
TUK
Australia
Department of Trade and Industry
Federation of Malaya
Malaya
Vet Cement
India relations with Australia amid economic crisis
Australia pursues urgent aid and trade links with India as drought, war with Pakistan, and rupee devaluation strain India's economy. Canberra highlights Colombo Plan support, Indus Waters project, and wool exports while questioning trade posts and aid efficiency. Sir James Plimsoll and Sir Arthur Tange are noted as key diplomatic figures.
MENTIONED IN THIS ARTICLE
Himalayas
Nehru
India
Pakistan
Trade mission eyes Australia for Irish firms
A Danish style summary: a two-man Irish trade mission recently visited Australia to explore opportunities for Irish exporters. The report notes Irish firms like confectionery and knitwear, with discussions on export potential and market entry. The Irish Government’s Trade Commissioner led the mission, aiming to promote 148 Irish firms to Australia.
MENTIONED IN THIS ARTICLE
Australia
Opee
Jhade
Lirish
Trelamd Coud
Visiting Bankers Guest in Canberra from Tokyo
Japanese banker Mr Moritaki Arasaki of Sanwa Bank Tokyo is spending a week in Canberra as guest of Bank of New South Wales. He is an economics graduate of the University of Tokyo and attached to the foreign department. He will spend six months with Wales and travel extensively in Australia and New Zealand.
MENTIONED IN THIS ARTICLE
Moritaki Arasaki
Sanwa Bank Ltd
Tokyo
Canberra
Bank of New South Wales
Arasaki
University of Tokyo
Sanwa Bank
The
Wales
Australia
New Zerland
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