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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Feb 22, 1968
Page
22
Tyree Industries Ltd of Sydney reports a 15 percent rise in half year sales to December 31 with improved net profit and steady earning rate. A 15 percent cash dividend is declared for 1966 67, following two years of bonus issues in lieu of cash dividends. Directors say all subsidiaries are profitable and expansion plans are underway. Interim dividends are not paid.
Auckland auction scene reports keen bidding within defined price limits on the second day of the season's sixth wool sale in New Zealand. Buyers and sellers engaged actively as lots moved, indicating solid demand and price discipline.
John Lysaght (Australia) Ltd lifts dividend from 11 to 123 per cent as group net profit for the year to December 31 rises 5.7 per cent to 6.56 million dollars. Net sales climb 19 per cent to 154.2 million, with improved earnings rate and depreciation effects. Dividend of 5.076 million to be paid March 27. directors set March 7 as record date.
Australian Motel Industries Ltd owner of the Koala motel chain reports half year ended December 30 1967 net profit after tax of 519 878 up from last year 109 544. Interim dividend unchanged at 2c per share. Directors say new units strengthened performance. Woolworths Ltd reports group net profit rise to 9 168 000 for year to January.
Brisbane TV revenue growth lifts retail sector while Big lithium fund by WMC and Broken Hill South Ltd expands lithium reserves at Mt Marion near Kalgoorlie. Claims pegged in 1955 with 2,500 feet drilled. overseas markets proving elusive. Directors report interim dividends and rising profits for the handling of Brisbane TV and Wholesalers.
Kolotex Holdings Ltd lifted group net profit 42 percent to 314 857 for the half year to December 31. Directors expect continued turnover growth and earnings, with a 5 percent interim dividend due March 29 and books closed March 15. Group sales rose 77 percent to 4.27 million, aided by the Camel group acquired last July. Interim dividend remains 9 percent. Net tangible asset backing stands at 1.56 per share.
Wet profit of Mariano Cheese Industries Ltd for the half year to December 31 rose slightly versus 1966. Production up about 40 percent. An interim dividend of 4 percent will be paid on April 19 to shareholders on March 29. Group net profit for Wyn yard Holdings Ltd rose to 239,142 in the December half, with higher sales but costs eroding margins. Dividend held at 3.5 percent. Books close March 12. interim payable March 22.
R. J. Murray shows higher sales as market activity strengthens. Ansett TV plans shifts, while Aseaire Tranenoet and Indie pursue new strategies to capture demand and expand distribution.
New CRA directors UE pee re tries Lid announces management changes within the group. Frank Espie and Russell T. Madigan appointed to Conzine Riotinia of Australia Ltd board. Espie, previously linked to Ronald J.J. Murray Ltd and Bougainville Copper Pty, joins as director. Madigan, ex Hamersley Iron Pty Ltd executive, becomes independent director. Norman Carlyon to Channel 0 Brisbane as assistant general manager programming. Robert Hardy to NIC Instrument Co becomes general manager.
Turner Industries Ltd cuts year profit to June citing drought and weak sales. For six months to December 31 sales fell from 4,196,000 to 3,991,000 with after tax profit down to 44,000 from 30,000. Directors expect stabilization in second half. final 4 percent dividend paid for year.
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