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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 27, 1968
Page
9
Profit for the year fell from the previous high to 1,690,936 after tax. Revenue and demand were uneven with the year’s second half lacking the earlier peak. Dividend and earnings per paid capital showed a slim margin despite high prior figures.
Mount Lyell Mining reports sales for the year near one million tons, slightly below prior year. Plant underutilization, higher wages, and tighter manning levels reduced output and market demand weighed on results.
Fibre Containers Ltd earned 1.17 million dollars in the ten months to April. The company changed its half year date from June 30 to October 31. Chairman A C Smith said the firm would continue operations despite uncertain market conditions.
Lend Lease Corporation Ltd lifts dividend and plans a 1-for-10 bonus issue after higher profits in the year to June 30. Earnings rose 10 percent, with annual profit around $1.68 million and depreciation and development costs noted. Directors say copper and sulfuric acid joint ventures remain steady, with new equipment boosting output and a final dividend of 15 percent, tax-free to shareholders.
Metropole Hotel Metropole Ltd lifts dividend to 173 percent for the year ended June 30 1968 after higher earnings and a net profit of 255128. Directors said the company aims for major expansion and possible merger with Dodge Consolidated Fibre Containers under British Tobacco group, with earnings improving to 20.8 percent.
Western Mining Corpora tion Ltd reports nickel concentrate production of 3,099 tons in four weeks to July 23, up from 2,784 tons, with assays of Th95 per cent nickel and 1.53 per cent copper. Total ore treated 64,635 tons, with 11,607 ounces of gold produced. Dividend details and financials indicate higher head grades and expected interim payout, plus additional notes on capital and reserves.
The report describes a high over the northern Coral Island region with a westerly airstream across the southern continent. A series of troughs and stable air create cold conditions with very cold nights in NSW and inland areas. Snow showers occur near the Snowy Mountain. temperatures fall below 10 degrees in several towns. Maxima range from 26 to 70 in various locations. Forecasts predict periods of showers, gusty westerlies, and variable rain across major cities with generally dry conditions in some coastal areas.
An informal report describes Mr A and others visiting Guadalcanal Island near Honiara, listing ages and names such as Beti kama and Rehman. The notes mention entrances, stamps, and a Reading event with Mohamad, Mehmmad, and others in Lahore and Pakistan, with scattered measurements and figures.
A dense television and radio programming snapshot lists programs across stations including MBS ABC and BBC for Goulburn Canberra region. It catalogs racing news sports roundups music shows birthdays and morning editions with multiple time slots and program names, highlighting daily schedules and regional listings.
Ribbed carpet maker Minster Ltd halves its dividend from 20 to 10 per cent as earnings fall for a fourth consecutive year. Group net profit declines from $2.06 million to $1.03 million and gross profit is halved to $591,915 after tax and depreciation drops.
Melouney, formerly manager of Mary Kathleen Uranium Ltd, has been named general manager of the company. The move places the executive in charge of strategic operations and corporate direction.
Hardie Holdings Ltd investment company, Sydney based, shows net profit virtually steady amid changes. Consolidated Milk Industries Ltd increases dividend from 4 to 54 per share after profit rose from 10,000 to 15,000. Earnings before depreciation up to 262,771 then 289,510 with a 17,654 loss leading to a higher earnings rate around 7 percent.
Johnson and Johnson declares a final dividend of 3 percent for the year with a profit fund and a planned share split. The board says the dividend will be paid to shareholders of record on August 17, with payment date August 29, and that the annual meeting will approve the split at the venue on August 27. The company reports net trading profit rising from 1.27 million to 1.66 million, alongside a tax payment of 220 thousand dollars.
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