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SUCCESSFUL
YEAR FOR
MAINLINE
Consolidated net profit
of Mainline Corporation
Limited, construction
group, jumped from
$520,003 to $844,203 in
the year to June 30.
The result was after a
jump in tax from $334,657
to $735,882 and a rise in
i :
depreciation from $125,252
to $174,303.
The profit is equal to an
earning rate of 56.03 per
cent, up from last year's
53.52 per cent.
Revenue during the year
rose 77 per cent to $41.5
million.
The company will pay
a final dividend of 7 per
cent on October 1 to share
holders registered Septem
ber 17 making 14 per cent
for the year.
The company at June 30
had $74.8 million uncom
pleted construction work in
hand compared with $37
million last year.
$