Monier set for big profit amid strong half year gains
Monier, Australia’s largest maker of concrete products, reports a forecast of at least 4 million profit for the year ending June 30. Half year results show turnover rising 17.2 percent to 1.995 million and grain sales at a record level. Directors expect the trend to continue with an interim dividend up to 65% and plan for expansion into the Japanese market with government approval.
MENTIONED IN THIS ARTICLE
Concrete Industries
Monier
Lidy Australia
Brecerber St Hadeen
Bougainville boosts CRA profits with $38.9 million rise
Bougainville Mining Ltd and Conzine Riotinto of Australia Ltd report a strong year with CRA group earnings reaching $39.942 million for the year to December. The results show a 277 percent improvement over prior earnings, driven by Bougainville operations and Queensland Alumina, while world market conditions and currency shifts affected some members. Dividends increased to $6.405 million, reflecting improved group profitability despite ongoing external pressures.
MENTIONED IN THIS ARTICLE
Conzine Riotinto of Australia Ltd
Siyning
Bougainville Mining Ltd
Bougainville
Lished Group
CRA
Comulea
Queensland
Yen Revaluation Rumors Sweep Tokyo Markets
A Reuters report details the yen's volatile surge to around 260 to the dollar and a 16 percent revaluation talk. Central bank intervention debate rises as analysts anticipate further moves while Japanese officials defend limited action amid overseas scrutiny.
MENTIONED IN THIS ARTICLE
Singer
Awing
Perm Hom
Kiichi Aichi
Susi
Australia Faces Dollar Devaluation Fallout Across Sectors
Discussions with Japan continued amid the Australian dollar’s devaluation concerns. Cabinet discussions were reportedly limited to regime trading and a warning that without restraint Australia could become laughing stock. Western Australia warned of serious economic effects on ore, petroleum, rock lobster, meat, and agriculture as the dollar’s value shifts. Government officials noted potential disruption to wheat and other exports, with industry leaders predicting broader economic strain if the currency remains weak.
MENTIONED IN THIS ARTICLE
Treasury
Crean
Rae
Crea
Australia
Study of Hunter Valley mines Chaotic state of coal industry examined
Canberra reports say the federal government is examining the chaotic condition of the Hunter Valley coal mining industry. The effort follows a November committee review by the ministerial cabinet and subcommittees. The Environment Minister and Conservator are named in the drive for reform.
MENTIONED IN THIS ARTICLE
Hunter Valley
Canberra
Huntet
Sojihly
Devampinan
Cnmservanin
Comalco Plans Second Kiln at Weipa Plant
Comalco plans a second kiln at its Weipa operation to raise annual calcined bauxite output to about 100,000 tons. The new rotary kiln, 70 metres long and 23 metres diameter, will double the plant’s calcination capacity and expand production for grinding wheels and coated abrasives. The project, funded at about 4.5 million, targets operation in 1975 after commissioning in 1970 and initial capacity growth in 1972.
MENTIONED IN THIS ARTICLE
Comalon Td
Tne
Weipa
Future of Broken Hill Study Proposal Backed by Cabinet
In Sydney yesterday Premier Sir Robert Atkin stated the Cabinet had approved an inter governmental study on the future of training at Broken Hill. The move signals government willingness to explore regional development options and assess long term needs.
MENTIONED IN THIS ARTICLE
Nsw
Broken Hill
Robert Atkin
Sydney
Aguila Steel Reports Six Month Profit Rise
Aguila Steel posts consolidated net profit of 1.767 million for the six months to December after depreciation 522 thousand and tax 235,871. The statement notes improved earnings amid asset adjustments and continued operations.
MENTIONED IN THIS ARTICLE
Ngmnia
Australian manufacturers urge policy clarity in Canberra
ACMA and the Australian Chambers of Manufactures warn that exchange rate decisions and export locational uncertainty hinder investment. Mr Henderson says government choices, not devaluation, shape business confidence and long term plans, with firms fearing isolated economic moves.
MENTIONED IN THIS ARTICLE
Associated Chambers of Manufactures of Australia
W.J. Henderson
Canberra
Hemderson
Gonvernment
Asia
Buninesy
Hlan-ye Auisiy
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