Nutshell
p. 151 · Read in the full issue
In A Nutshell
PROFIT FALLS: The Emperor Gold Mining Co. Ltd., and Tavua Power Pty. Ltd., Vatukoula, Fiji, had a lower net profit in the year ended June 30, compared with the 1964-65 profit—s7o,s99 against $90,500. The companies are subsidiaries of Em peror Mines Ltd., Melbourne, which has declared a dividend steady at 2ic a share (5 per cent.).
Higher Dividend: The Net
profit of New Guinea Goldfields Ltd. for 1965-66 was $303,244, a drop of $2,446 compared with 1964-65.
The dividend has been increased to 10 per cent., equal to 3ic a 35c share, compared with 4d on a 3/6 share in 1964-65.
The company’s income from gold mining rose by $39,148 to $195,658, but the trading income at $134,921, was $35,705 lower. Investment in come dropped by $357 to $2,197.