National Bank posts strong half yearly profit surge
The National Bank of Australasia Ltd reports a 225 percent jump in half year profit to March amid growth in deposits and lending. Banking operation profit rises from 7.5 to 108 million while the Finance arm Custom Crew Corp increases from 3.6 to 12 million. Dividend remains at 6.5 cents per share, though rising costs and tighter margins suggest slower progress ahead.
MENTIONED IN THIS ARTICLE
National Bank of Australasia Ltd
Custom Crew Corporation Ltd
Society backs uranium focus in Australia resources
Austration04 Investment, the AMP Society, plans to invest more in uranium and natural resources. Investment manager Me Altan Toutes said the society has $580 million to deploy this year, with uranium and related sectors drawing special attention. It is already the largest shareholder in Ranger uranium partner Pelo Wallsend Ltd.
MENTIONED IN THIS ARTICLE
AMP Society
Me Altan ‘Toutes
Australia
Ranger Uranium
Pelo Wallsend Ltd
UDC earns 54m in five months amid rising profits
Utah Development Co reports more than 54 million in earnings for the five months to March 31, ahead about 23 percent on the prior year. UMAL adds 3.36 million net with 70,000 special item, while Goonyella and other coal ventures lift group profitability, and both UDC and UMAL shift balance dates to year end.
MENTIONED IN THIS ARTICLE
Utah Development Company
Cab Mining Austeatiia Ltd
UDC
UMAL
Cent ‘Queensland Coal Associates
Goonyella
Peak Downs
Saraji
Norwich Park
UDIC
Jershay
IAC Holdings Draws Down 50 Million Credit Line
IAC Holdings Ltd has drawn down 50 million in standby credit from Citicorp owned Nesius Investment Corporation as part of a restructuring after real estate losses. Another 50 million in real estate loans was moved to non accrual portfolios, bringing total non performing loans to about 150 million. A further 33 million may be added in the second quarter to lift the provision to 51 million. Debentures and time deposits totaling about 9 million and 16 million respectively were repaid. About 37 million in second ranking debentures were redeemed. Directors expect IAC to lose around 40 million in the six months to June 30, later reduced to 17 million after a 13 million tax credit.
MENTIONED IN THIS ARTICLE
IAC (Holdings) Ltd
I US
IAC
Nesius Investment Corporation
Citcorp
Teach Estate Lowes
Dune
Theg
Yeserday
Mullion Ater
Last Sydney share market prices reveal modest gains
The latest Sydney market figures show slight upticks in key shares amid cautious trading. Investors monitor economic data and global cues as financials, commodities, and tech sectors contribute to a mixed session with several firms posting modest gains.
Rise in Housing Loans Across Australia March Rise
Banks approved 5260 million in housing loans to individual borrowers across Australia in March. This followed February approvals of 237 million and a seasonally low 211 million in January, signaling a shifting housing credit trend.
MENTIONED IN THIS ARTICLE
Australia
Union Plans To Upgrade Rockhampton Meatworks
The Cattlemen's Union of Australia aims to move into meat processing to secure higher prices for members. Rockhampton meatworks export licences were tied, approved by the Federal Department of Primary Industry with council consent. A finance committee seeks about 1 million to upgrade, expecting full operation in up to 10 months. The union studies similar projects in other Australian regions.
MENTIONED IN THIS ARTICLE
Cattlemen's Union of
Australa
Rockhampton
Federal
Department of Primary Industry
Back ‘Angel
Unin
Avatralss
Indices of Shares and Names in a Murky Ledger
A garbled OCR list shows numerous share symbols, company fragments, and personal names with scattered numbers. The piece reads like a stock table or brokerage snippet with unclear entries such as Godiden, Glow Con, Gath, Grace Bee, Movaian, and many odd abbreviations, mixed with prices or codes and stray punctuation. The text lacks coherent narrative or verifiable facts.
Also Mentioned on This Page
National Bank
Sydney
Eae
Marco Vox
Perney
Bureau of
Ausay BS
Itralian
Bankers
Associs- ES
Uion Research Directorate
RB Cameron
Rai
Banks
Foe
Cate
Nivale Housing Acti
Cameron
Sri
Im Fe
Buresu
Godiden
Phy
Gath
Grace Bee
Movaian
Etiond
Mocher
Jone
Ein
Impor
EA Aden
ARC Ind
Aavoner
Alan
Melbourne
Oman
Nor
Othe
Ponce
Pano
Reyne
Robe Qe
Som Boe
Fate
Tonge
Senny
Commonwealth Government
Treasury
Stoek CO
Rea
Dunkley
Asesistance Commission
Prices Justification Tribunal
Temporary Assatance
Ee Archaealenis
Ducakley
Anc
He Reserva Bank Nour Ote
CIA
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