Lend Lease lifts profit amid revenue dip
Lend Lease Corp Ltd reports a 14.6 percent rise in six months to December 31 with net profit up from 58,702 to 755,151 while group revenue falls 11.9 percent to 26.5 million. Interim dividend rises to 6 percent as directors say performance meets expectations and market speculation grows on a potential Australia offer.
MENTIONED IN THIS ARTICLE
Lend Lease Corp Ltd
Vehicle and General to make 1-for-1 new share issue
Vehicle and General Insurance Co Ltd plans a one for one issue to shareholders on February 12 introducing 2.8 million new shares at 4c each to fund expansion and strengthen capital. Directors expect higher profits for 1968 with a dividend of at least 74 percent. the issue is underwritten by Faward Ward and Co. Country Traders Mall Insurance Ltd backs the plan with related underwriting.
MENTIONED IN THIS ARTICLE
Vehicle and General Insurance Co (Australia) Ltd
Traders Mall Insurance
Fame 40
Melbourne
Faward Ward
Record price for seats on the American Stock Exchange
New York reports say a 39 year old record was broken three times in a week as seats sold for 260000 dollars, surpassing the prior 254000 dollar high from 1929. Exchange president Ralph Saul urged member brokers to probe and curb speculative deals.
MENTIONED IN THIS ARTICLE
New York
Reuter
American Stock Exchange
Ralph Saul
Fire Fighting profit more than double in half year
Consolidated net profit for Fire Fighting Enterprises Ltd for the six months to December 31 more than doubled from the previous year. Directors cited improved gross profit rates across sectors, higher interim earnings, and noted profits did not include sterling devaluation effects. Last declared dividend stood at an 8 or 9 percent rate with further details in the interim report.
MENTIONED IN THIS ARTICLE
Fire Fighting Enterprises Ltd
Metropolitan Wholesale Meat Co Ltd
Sterday
The
Stock Exchange
Napier Brow Ltd
Queensland
Sear
Hilton Bros Holding profits rise in December half-year
Hilton Bros Dress designer Hilton Bros Holdings Ltd reports higher half-year profit than the previous year when some non recurring costs weighed on results. Turnover edged up. No interim dividend mentioned in yesterday's statement. Last year it paid 7 percent in May.
MENTIONED IN THIS ARTICLE
Hilton Bros (Holdings) Ltd
Australian Paper Makers reports $11m gain from devaluation
Australian Paper Manufacturers Ltd reports revenue and capital gains totaling $11 million due to sterling and currency devaluations. Interim results note firmpriced material contracts and loan arrangements boosted earnings. a $708,477 capital gain from machinery purchases added to depreciation. Production ramps include Fairfield No 6 starting after initial issues and Maryvale Mill nearing completion with March production planned.
MENTIONED IN THIS ARTICLE
Australian Paper Manufacturers Ltd
Fairfield No 6
Botany
WMC closes final call on 1966 issue shares
Western Mining Corporation Ltd closed its register at end of yesterday for the fifth and final call on 10c capital and premium shares. The 4c paid shares will be quoted as fully paid from Monday but deferred for dividends until 1969, with the call payable on February 23.
MENTIONED IN THIS ARTICLE
Western Mining Corporation Ltd
Spm
The
Stock Exchange
Australian Parking Led lifts interim dividend to 64 percent
Australian Parking Led reports a six month period to December 31 with profit rising to 30,279 from 2,030. The Melbourne company operates four car parks at Bourke and Hardware Streets and confirms the 64 percent interim dividend. The document also notes changes to processing costs and an unclear line about 22,9888.
MENTIONED IN THIS ARTICLE
Bourke and
Hardware
Melbourne
Wool sales see strong demand with Japanese buyers
Demand rose at wool sales this week as Japan led fleece wool purchases. Australian Wool Board data show 114,400 bales offered across two centres, with keen competition from the European Common Market and Eastern Europe. Local mills and the UK bought wools suited to their needs, Merino types dominating Sydney offerings.
MENTIONED IN THIS ARTICLE
Australian Wool Board
Japan
Europe
United Kingdom
Sydney
New Mining Company Forms in Sydney Capital Set at 1.1 Million
The New Mining Company registered in Sydney with final capital of 1.1 million, comprising 1.2 million 50 cent ordinary shares and 00,000 9 percent redeemable preference shares. Directors include C Mines of Toronto and J G Donald. exploration focus on King Island. Registrar's records show 1,094,400 ordinary shares and 64,400 to be allocated in Melbourne.
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Sydney
Man Board
C.mines of
Toronto
Canada
King Island
T. A. Nestel
Naracoopa
William Young
O Pnr
McMahon
Eppa Fl
Amad
Melbourne
Mount Bales
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