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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Feb 23, 1968
Page
4
Hilton Corporation Ltd reports a reduced profit for the year ended June 30. Directors note hosiery revenue and yarn processing slower, with earnings at about 624,000 in the latest figures.
Reports say the Kingfish field well in Bass Strait has hit the oil-producing zone, with the 65 mile West field discovery suggesting a major expansion. Partners TE and others forecast higher outputs, with interim profits and potential dividends amid sector demand and refining gains.
A takeover bid by Australie Ltd for General Credits proposes cash and share consideration valued around 87.1 Creditx shares and 85 per share, with current market value estimates and staged payments. The plan includes a complex mix of ordinary shares, debts, and potential cash to acquire a majority stake, detailing timelines and conditions for acceptance and bank support.
McPherson’s, Australia’s leading tool maker and engineering supplier, reports a 12.2 percent rise in sales for the first half of the 1967 financial year, reaching 98,954,500 compared with 30,475,228 in the prior year. Interim dividends were not paid. the company cites stronger demand and higher volumes. The half year shows improved earnings despite prior year comparisons and a higher annual rate projection around 2.7 billion.
Great Boulder Gold Mines Ltd reports low grade nickel in three holes along the northwest fringe of the Mt Martin ore shoal in Western Australia. An exploration update notes recent drilling in the MV Marlin area probing the fringes, with aims to determine the structure and lateral extent as progress continues despite limited results and ongoing exploration challenges.
The bowid of Western Mining Corporation Ltd named Ami He Arn as general manager amid changes at WMC. He Arn, an honors mining engineering graduate from the University of Adelaide in 1960, previously served as technical assistant to the managing director and was appointed to oversee underground operations at Kambalda nickel field and related concentrator work.
Amperial Chemical Industries of Australia and New Zealand Ltd will issue 12 million private debentures in April at rates slightly below the current BHP issue. The securities, unsecured ordinary notes, rank equally with existing debt and pay 1 percent on application, 40 percent on year one, and 50 percent on year two. Treasury consent sought in Australia and New Zealand.
The directors of Federal Hotels Ltd report a fall in annual profit and a drop in interim dividend as newsprint sales weaken. Group revenue declined due to lower newsprint demand, higher costs, and production disruptions from rationing and low rainfall.
In a damaged OCR fragment, partial names and numbers appear with unclear context. The readable items include personal names and monetary figures, but the overall story and specifics are not discernible.
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