Peko-W profit exceeds $4m
Peko-Wallsend Ltd lifts dividend to 22 4 per cent after earnings leap to a record 4 19 million in the year to July 2. Mount Morgan Ltd contributed 1 03 million to the figure, while operations excluding Mount Morgan show 4 16 million in profit. Paid capital at balance date was 10 74 million, with 5 08 million on preference shares.
MENTIONED IN THIS ARTICLE
Sydney
Peko-Wallsend Ltd
Mount Morgan
Orlando
Junio
Peko
CGFA Reports Record 5.38 Million Annual Profit
Consolidated Gold Fields Australia Ltd posts a record net profit of 5,380,000 for the year ending June. The result reflects high earnings before tax and depreciation, with a previous year profit of 4,114,000 and capital metrics improving. The gain includes charges for tax, redemption and depreciation and a nil provision for preference share redemption.
MENTIONED IN THIS ARTICLE
Sydney
Consolidated Gold Fields Australia Ltd
Sydney Demonstration of New Wool Container Unitisation
At Balmain Wharf Australian National Line showcased a container flat system for wool. The 20 by 8 foot platform holds 72 bales in three tiers and needs one forklift, reducing gear and potential fibre damage. Japanese Consul Saizo Tenetani led observers as ANL plans August next year Japanese run with Empress of Australia.
MENTIONED IN THIS ARTICLE
Sydney
Balmain Wharf
J. Weymouth
Australian National Line
ANL Empress
Australia
Saizo Tenetani
Nickel forecast for nickel ore in 18 months at Great Boulder
Melbourne report states Great Boulder Mining and Mimes Tid and North Kalgurl expect nickel ore production within 12 to 18 months. Chairman NM Nilsen said the forecast follows a week of company trading updates. Directors say profit is planned for the year to June with a nickel mining operation near Sentia reaching about 11.6 million dollars against 9.35 million beforehand.
MENTIONED IN THIS ARTICLE
Melbourne
Great Boulder
North Kalgurl
Nilsen
Consolidated Gold Fields declares higher year dividend and profit
The company will pay a final dividend of sixpence a share, with an interim of fivepence making a total of elevenpence for the year. Last year the group paid an interim of threepence for less than six months and a further amount. Profit for the latest period is 24.4 cents a share on capital of $22 million, vs 18.7 cents last year. At balance date the market value surplus of quoted investments over back values rose to $18.5 million from $4.7 million a year earlier, with $6,490,000 attributable to outside holders of subsidiaries.
MENTIONED IN THIS ARTICLE
Consolidated Gold Fields
Sydney Stock Exchange Todas
Mining firms lift dividends as output grows
Australian National Industries and peers announce higher dividends after exploratory work and rising ore production. Great Boulder and North Kalgoorlie shares surge on premium issues and capital gains, with profits up to $517,113 in the year and a 10.1 percent earning rate. Turnover climbs 14 percent to $21.7 million as the sector expands nickel output and consolidates gains.
MENTIONED IN THIS ARTICLE
Great Rowller
North Kalgurbilyag Jus
Indus
Scotia Feld Tries Ltd
Consolidated
B.S
Great Boulder
North
Kalgurli
Der
North Kalgurli
Vehicle registrations in Australia rise in July totals
The graph shows 12 months to July actual and seasonally adjusted registrations. Motor cars and station wagons accounted for most, with July car registrations at 31,824 actual and 29,385 seasonally adjusted, versus June values. Other vehicles rose to 8,133 actual and 7,097 seasonally adjusted in July, according to the Statistics Bureau.
MENTIONED IN THIS ARTICLE
Australia
Statistics Bureau
QO and G Battle for Melbourne Company Offices
The dispute over Omnibus and General Inwrrance Brokers Pty Ltd premises in Sydney moved to the Supreme Court where interim orders restrained Mr Cray’s group. Judge Little adjourned the case after denying a continued injunction until a full hearing. Engagements held by both sides promise no action pending court resolution as deposits and assets shift amid takeover maneuvers and a proposed share issue by a related uranium prospecting group.
MENTIONED IN THIS ARTICLE
John Adams
MBA (Credits) Pty Lad
Justice. Little
Cray
MBA
Tom
Justice Little
Omnibus and General Inwrance Brokers Pty Ltd
Lonsdale
Sydney
Fion
Lon
Leonard Gray
Italian Bankers Association
Michael
Inquiry into Wool Exporters Pty Led and Associates WA
The State Government will appoint a Royal Commission to investigate Wool Exporters Pty Ltd and associated companies. An earlier Dowling inquiry found under capitalisation and bad management caused failure, with no deliberate dishonesty by chief executive W J Howell. The Justice Minister said the royal commissioner and terms will be announced soon.
MENTIONED IN THIS ARTICLE
Perth
Wool Exporters Pty Led
Dowling
W. J
Howell
iChiffith
Canberra signs $130,000 computer contract
The Canberra Computer Centre signs a major contract with Symons Canberra man orly to cere the ne ACCOMMODATION VACANT ager of the Nationalministrative work of the cia board. The deal, worth 130000, covers a Century ment of Mr A J Abbott and aims to provide full EDP facilities. The centre, in Manuka, plans installation by September 1969 and seeks inquiries at the Canberra address and phone number.
MENTIONED IN THIS ARTICLE
Symons
Canberra
CIA
Downer
A. J. Abbott
Don
Australia
NCR
Commerce
Campbell
Manuka
Northyany
Gregory's (Motors
Abbott
Kaurpe Ave
Jack St
Estaby
EMI Profit List Shrugs to Record 1 290 000 Year to June 30
EMI Australia Ltd reports a profit lift from 1 178 000 to a record 1 290 000 in the year ending June 30. Dividend remains 18 percent with a final 1 percent due October 25 for investors on October 1. Earnings rate hits 48 pence per pound versus 43.7 percent last year. After 2 4 138 depreciation and 1 260 000 six months outside holders rise to 879 389 from 352 528 final capital profit 598 978, up from 7 100 last year.
MENTIONED IN THIS ARTICLE
Sydney
EMI (Aust) Ltd
Meggitt Posts Surge In Profit For Year To May
Meggitt Ltd, oil seed processor in Sydney, lifted consolidated net profit from 72 133 to 206 898 pounds for the year to May. After depreciation of 160 860 the earnings rate rose to 19.6 percent. A final dividend of 6 percent will be paid on September 27, making 24 percent for the year. Books close September 12.
MENTIONED IN THIS ARTICLE
Sydney
Meggitt Ltd
Inet
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