Fairymead Sugar Co. Profit
p. 145 · Read in the full issue
Fairymead Sugar Co., in its report for the calendar year 1954, just issued, announces a substantial increase in profits, includ ing “excellent profits earned by the Islands section”.
The company has its main interests in Queensland (all sugar), but also operates coconut plantations in the Solomons.
Profit for 1954 was £185.018, as com
pared with £137,618 in 1653 and £89,42S in 1952. The 1954 profit was shown after providing £53,492 for depreciation. £15,062 more than in the previous year, A 12 per cent, dividend and a further 2 per cent, bonus was paid.