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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Nov 22, 1968
Page
9
Hooker Corporation Ltd announces a continued lift in pastoral results for the 1968-69 year. Chairman Mr L. J. Hooker disclosed the expected increase at the annual meeting held yesterday in Sydney, signaling stronger performance for the group.
Lord H Hooker said improved pastoral conditions would aid current results. Harvesting about 38 000 acres of wheat, a premium grade supply, would boost income. An increased wool clip recently sold above last year’s prices. Cattle production on northern properties and other activities remained profitable, with a satisfactory overall outlook.
A. G. Healing Ltd posts a record annual loss of B1911,797 for year to June 30, with accumulated losses reaching 3,613,000. Directors cite adverse trends and over-optimistic forecasts while noting some month to month improvements in the first half and expectations of a better second half. The results were filed with the Sydney Stock Exchange yesterday.
Directors of Cope Allman (Australia) Ltd lipstick container maker plan a 1 4 bonus share issue to shareholders. Chair man L Matchan told Sydney the move aims to maintain the 40 per cent dividend on increased capital, lifting dividend income about 25 per cent. Before the bonus 130 000 shares and 112 000 ordinary shares will be issued to the London parent. Bonus raises paid up capital to 500 000 and share premium reserve to 1 468 016.
Courtaulds, Britain's heavy engineering and man made fibre group, reported half yearly results and said its 400,000 pound bid to take over Cyril Lord Carpets was based on solid data. The board disclosed that Cyril Lord’s finances required an immediate cash injection to keep the deal viable, with plans to shed assets and seek consultants.
Melbourne reports show Carlton United Breweries faced lower October beer sales with weather and economy dampening demand. Chairman Edward Cohen notes production affected by weather and competition, with a dip versus the prior year’s first half. NSW production also disrupted by late weather.
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