Smaller Loss For Papuan
p. 61 · Read in the full issue
Rubber Co.
Koitaki Para Rubber Estates, Ltd., with a gross profit of £1020, discloses a net loss of £91 for the year ended June 30 last, as against a loss of £1767 the previous year. The com pany’s plantations are in Papua.
The debit at profit and loss is increased to £6605. Average selling price of rubber for the year was /6.72, against /6.31 per lb. the previous year. Since the close of the financial year, the price has remained fairly steady at approximately /7 per lb.
Capital is £75,218, of which £211 is preference.
Plantations, less amortisation and depreciation, are valued at £69,119, and there are shares in other companies valued at £2005.