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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 09, 1968
Page
8
Crandall was purchased by Sutex, with knitwear brands included in the deal. The transaction involved 100000 cash and three other Knitwear companions. Directors anticipate turnover changes and discuss the buyer’s plan to boost profits.
The report outlines Prestige Ltd’s takeover discussions involving apparel and textile firms. It notes historical figures, like a 1963 peak of 432 000 earnings, and lists entities such as John Crundal group and Mince Manufacturing Co. It mentions dividends, market values, and possible transfer of shares amid a proposed bid framework.
A new firm Group Television Services Pty Ltd, with 511,000 capital, seeks television and casting licences in Mt Isa Queensland and Kalgoorlie WA. Director S Craig of Delhi-Santos reports a gas inflow from Mamba No Mi Ta and Kalgoorlie fields, with plans to involve local operators if licences are granted.
The firm reports 50e shares and schol clothes at 81-14 amid a broad trading backdrop. Major customers include Worth S10-3 Fibremakers Ltd, with ongoing interest from Continental and Court subsidiaries. Preliminary profit signals and restructuring plans accompany news of expanded production in nylon and polyester fabrics, while competition and weaker demand dampen gains.
The report outlines an anticipated peak in sugar production linked to 1964 figures and 1967-AR access, detailing asset valuation, sales during the financial year, and a projected balance of 2.87 million. It notes shareholding commissions, tax cuts, and a shift in earnings as the company nears another annual meeting set for July 17.
CSR directors disclosed that the alumina plant at Gove would be larger than earlier estimates, with projected development costs around 300 million dollars. The expanded plan aims to produce up to 500000 tons of alumina annually and include a new township for about 3000 people, with completion targeted for late 1971 and planning to continue into 1972.
Hevtrolytic Zinc Con Australasia Ltd, operating subsidiary of EZ Industries Ltd, produced new ingot metal and concentrates in the year to June 26, down from the prior year. The report notes EZ Zinc output declined by 14,127 tons with turnover details not provided.
The article outlines Silver Valley Minera longrun plans, with offshore and overseas interest in copper and coal concentrates. It notes proposed floats, exporting strategies, and anticipated effects on mining interests, including Longreach Oil and regional ventures amid evaluations of current exports and accommodation vacancies.
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