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The fragmentary text shows unreadable OCR with scattered letters may reference a place or action but contains no coherent names dates or events to summarize into a factual card. No verifiable entities or outcomes are present.
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Feb 17, 1968
Page
7
The fragmentary text shows unreadable OCR with scattered letters may reference a place or action but contains no coherent names dates or events to summarize into a factual card. No verifiable entities or outcomes are present.
At the annual meeting District Producers (Canberra) Ltd chair N M Hill said bad debts were vastly reduced by stricter credit controls and tighter accounts. He noted staff cuts and cost reductions alongside higher sales, with profits for the year up to 1967 aided by capital adjustments. He warned overdrafts remained a concern but believed the company could service debt with expected improvements and continued cost discipline.
Petersville Australia Ltd, maker of a wide range of food products, earned slightly lower group profit in the December half year despite higher sales.
Alf Lawrence Holdings reports a satisfactory profit rise over the prior year with directors optimistic about future gains and a potential merger with another company discussed. Interim dividend declared with 6% payout and notes on dairy division costs and government aid shaping full-year prospects.
Total meat output rose in October and November 1967 to 310,092 tons, up 20 percent from 1965. Fresh and frozen meat exports reached 7,795 tons, up 323 percent. Frozen meat stocks on November 25, 1967 stood at 53,835 tons, 18 percent higher than a year prior. Figures from the Statistics Bureau.
The Receiver of the H. G. Palmer group confirms the sale of the three remaining Victorian stores in Shepparton Morwell and Traeger along with the television service and maintenance division and related assets. Mir Jackson said the Melbourne sale was highly satisfactory but did not disclose the price.
Bradford Catton Mills Ltd reports a 37 percent rise in interim profit for the half year, with a 15 percent interim ordinary dividend and doubled profits year over year. The company cites higher copper prices and strong sales to support the result, while signaling continued dividends and potential share issues.
Footy Ltd reports a1 percent cut in April and a March 2 close. Directors note trading conditions for the half year to December were weak but show improving momentum. They expect full year results to be broadly comparable with last year despite the downturn.
Larke Consolidated Industries reports profits up from 471 000 to 657 000 for the half year to December 31. A one for ten bonus issue is announced as earnings rate improves from 1.8 to 30.4 percent with higher capital after acquisitions and the expansion of the Harper Davidson and Foskins Pty Ltd group.
Alcan Australia, a subsidiary of Alcan Aluminium Ltd of Canada, reported a 1967 loss of about 91,106 with a 12 percent rise in expenses and depreciation near 10 million. Directors cited higher material and labor costs but noted productivity capacity remained above demand, with expected improvements and future tax effects.
General Motors Holden Pty Ltd reported its fourth straight drop in earnings for 1967. profit fell to 20.29 million from 22.62 million previously with export sales around 225.56 million and total sales indicating a weaker year. the company noted a 13.9 percent reduction in net income after taxes and cited reduced domestic demand and export offsets as factors in the weaker result.
Mr Wilson said the outlook seemed favorable for a 1968 car sales rise with upward employment, personal incomes and consumer spending. GMH and Holden midyear results showed higher sales and profits in Australia, with dividends up and investment improving, amid broader market buoyancy and ongoing automotive development.
Prices of only two of nineteen daily food items in Canberra fell from December 1966 to December 1967. Self rising flour and sugar were cheaper while fresh bottled milk stayed the same. Meat prices dropped for four cuts but rose for fourteen others. overall meat costs in the December quarter were lower than the September quarter. Figures published by the Statistics Bureau.
A partially readable report describes the Aero Commander event near Canberra with mentions of speeds and a presumed service disruption. The fragmented text references nationwide air services and a possible timetable change or incident.
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