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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Feb 27, 1968
Page
9
United Telecasters reports a sharp reduction in loss for the six months ended December 31, with a net loss of 214,995, down 27 percent from the prior year’s 792,025. Directors expect profitability in the June quarter though losses will continue for the financial year.
The Canberra plant upgrade includes an off loader and enhanced handling of concrete blocks, part of several new developments by Besser Vibrapaey Masonry Can berry Ply Ltd. Managing Director Cooper cites faster production and potential profitability gains, with interim results noting increased sales and improved margins across divisions. The company plans to invest in plant extensions and capital expenditure in coming months.
H G Palmer aims to sell the Canberra store as part of receivership actions led by Mr C H Jackson. He notes sales will proceed to meet obligations while operations continue at remaining Palmer Group stores. Since October 1965 Palmer’s chain had 135 stores across NSW Victoria Queensland and South Australia with several already sold.
Ford Motor Company posted a significant earnings drop with figures around 536 million dollars for the year. The report notes a six week strike by 160,000 workers and annual dividends held steady at the prior rate, while detailing various revenue and profit metrics across 1966 to 1968 as recorded by the company directors.
Conzine Rintinto of Australia Ltd offers 2 million in shares and cash for Blair Athol Open Cut Collieries Ltd and Blair Athol Coal and Timber Co Ltd. BAOC and BACT own equal halves of Blair Athol Coal Pty Ltd which holds the Blair Athol field mining leases 200 miles north-west of Rockhampton Queensland. Directors show complex valuing of shares and proposed exchange terms, with about 81 million implied value per company and varied consideration for BAOC, BACT, and Blair Athol Coal holdings amid long takeover negotiations.
Rigby directors announce interim dividends amid a steady 1967 year result with anticipated satisfactory annual distribution. The report notes 124 percent for the year, six years of profits, and ongoing high performance. Sales varied across divisions with capital ranking and ordinary shares highlighted.
Me R Hevah has been named manager of Gr Coles gallery store at Almnea Steel Civic Centre Canberra. Former manager Mr Bevan, who joined Coles in 1954, has held posts including Pitt Street Sydney and Newcastle. Mr Bevan succeeds Mr M Moore, new manager of Gr Coles variety store Argent Street Besken Hal.
The Henry de XL Ltd chairmen told the national meeting that overproduction threatens the canning industry. He warned of intense competition, price pressures, and rising costs squeezing profits while realisations for candied deciduous fruits fell.
Interim dividend declared as of December 31 with earnings up seven percent aided by higher vehicle sales and a broader range. The group notes improved availability and new range releases boosting profitability while noting outstandings near past period levels.
Johns and Perry Engineering Ltd reports profits and sales for the December half year. Directors declare an interim dividend of 6.4 cents per share with books closed April and payable March 22 to shareholders registered by March 8. The group earned a net profit of 2.39 million dollars, with a focus on expansion and merger benefits across regional sites.
Commodore reports a rise in gross receipts for the six months ending December as management cites policy changes and hotel group strength. Directors note receipts grew from 2,054,866 to 2,436,197 in the period, with figures reflecting Metro lifting turnover in the period.
Northern Television Ltd shows profits for the half year to June 30 rising with turnover up by 1 percent. An interim ordinary dividend of 6 percent was paid on March 2. Directors note buoyant suburban hotel development and improving conditions.
Fibre Containers Ltd reports improved half year results with nine recorded higher sales and earnings up 17.7 percent. Interim dividend remains steady at 74 percent with directors paid yesterday. Forecasts indicate the positive trend will continue amid stronger sales to June 30.
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