Trading Notes
p. 129 · Read in the full issue
Placer Development Profit:
The estimated net profit of Placer Development Ltd. for the year ended April 30 was $4,578,763, or $1.75 a share, compared with a net profit of $2,728,925 or $1.05 a share in the previous year.
For the three months to April 30 the estimated net profit was $1,226,512.
Popcorn Experiments: An Experi
mental crop of popcorn at the Lalokl Plant Introduction Station, near Port Moresby, has proved successful, according to the Department of Agriculture’s Plant Introduction Officer, Mr. G. Keleny.
DECIMALS FAVOURED: Fiji’s Decimal Currency Committee has concluded that Fiji would benefit from switching to decimal currency, but it has not reached a final conclusion on the value of the monetary unit or the date on which decimal currency should be introduced, according to an official statement on July 6. However, the committee believes it would not be practicable to decimalise before January 1, 1967.
Higher Profits From Coffee;
Kinjibi Holdings Ltd., coffee producer, made a net profit of £10,568 for the year ended December 31, 1963, while the profit of its subsidiary, Norlkori Coffee Ltd. was £939. The chairman of both com panies, Mr. M. W. Flack, said in his annual report that the Kinjibi profit represented an Increase of 269 per cent, on the 1962 result.