nese ©

~ Acklands Reports Results

Acklands - Limited
“reported . that sales and ear.
“nings for the third quarter and
for the first nine months of 1974
were the-highest in the com-
pany’s 85-year history.
“Results for the first three
quarters of this year reflect
continuing growth in all product
-groups and divisions, as wel! as

‘Nathan: Starr, | Acklands’

execulive vice. president,
For: the nine-month pariod
; ended August 31, company sales
. “tO. °$155,601,518 from
eo. $16,023,476 a year ‘zarlier, an
an inerease of 34 -percent, In the
ce uhird quarter, sales were
$59,342,488, compared with
: $43,719,512 in the same quarter
» OF 1973,

2s Income before taxes and
> belove gains on the sale of fixed

7 assets for the-nine month period
“was” $7,562,062, up 64 percent

“os frome $4,621, 881 a year earlier.

“NetindSme fram operations,
_=.after; deducting -preferred
dividends; was $3,817,227, or
38154 fercommionshare. This is
a FP" percent increase from -the
_ 1 $2,148,264, or 87 cents per share,
. “recorded for the same period in
197 ,

: <,ebease: in-profitability was
“aehieved despite a rise of more
~~ iihan- $18 million in corperale
as borrowing charges.

» Afle¥-lax.gain on the sale of
a ‘fixed assets, resulting from the
-sald's “af a subsidiary, added 19

feents to: per share’ profils

Tt bringing tolal per share ear-
“- spllings-0 $1.78 for the first ning

“months of this fiscal year, In the
- “corresponding period of 1973,

| “ALCAN
DIVIDENDS

The. Directors of Alcan
‘Aluminium, Limited today
declared a quarterly dividend of
35 cents per share, U.S, funds,
on jhe common shares of the
Company, payable § December
1974 to shareholders of record al
the. close. of business 6
November 1974.

This is an increase from the 30
cents rate which has been paid
since Ihe second quarter this
year.

The -number of Alcan
Aluminium Limited commen
shares issued and oulstanding
as: of 15 October 1974. was
q4 may 069, -

. hag,

~ striet éontral on expenses,” said -

“Mr. Starr said that this in” ”

the after-lax gain on the sale of
fixad assets (resulting from the
sale of redundant real estate)
and an income tax reduction on
previous losses, amounted to 46
cents and 36 cents respectively.

“Acklands is continuing to
seek expansion opportunities

. both . internally .-and ; through...)

acquisitions in all areas of its.

business activilies. Emphasis
remains on Increasing . the
share of
aulomolive parts aftermarket
in Eastern Canada,” Mr. Starr

company’s

said.
he

the

_ LOWERING THE BOOM - One simple rule could
have prevented the accident about to happen: always

*know where heavy. n machinery is moving, in relation

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An Town Only 7

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ye Free. Home Delivery

L os

. Mi ETN ff! BT
Mh ul ag
| fi Mh

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to your work area. Inexperienced machine operators
should work away from others, and inexperienced
workers should avoid Gangerous machines.

9. 50. |

Alean Aluminium Limited

reports consolidated net income’

of (U.8.) $38.9 million of $1.12

per share in the third quarter -

ending 30 September 1974,
compared with $16.3 million or
48 cents per share in the
corresponding quarter of 1973,

For nine months ending 30
September, net income was
$129.3 million or $3.75 per share
compared with $54.6 million or
$1.60 per share in the first nine
months af 197d.

Sales and operating revenues
for the quarter and for nie
months were $627.9 million and
$1,799.4 million respectively,
against $473.2 million and $1,370
million in the corresponding
periods last year.

Consolidaled shipments of ©

aluminum in all forms far the
third quarter and nine month
periods were 415,600 tons and
1,294,700 tons respectively,
against 408,500 tons and
1,269,300 tons in. the
corresponding periads . last
year. The third quarter decline
from consolidated shipments of
452,300 tans in the second
quarter of this year reflects a
lower level of metal purchases
as well as production dif-

Leave The Dust
Getting ready for the big
Move? A good rule of thumb is
to wash, scrub, dust, polish or

otherwise clean hefore packing, |

There is enough to do in a new
house without bringing along
same of the dust and dirt from
a previous address.

_ production problems have been

THE HERALD Wednesday, Octaber 30, 1974 PAGE AS —

A ig Alcan Nine Month Earnings

force majeure declaralion until

ficulties in ‘the Company's
Arvida smelter which ‘resulted
ina declaration of force
Majeure on 7 August. The

the end of 1974.
Aluminum Company

overcome to (he extent that
force majeure Is being lifled on
the lower purily range of ingot
products. Certain other ingot
products, specifically those
requiring higher purity metal,
likely will remain under the

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che nine month last year.

of

Canada Lid., whose resulls are
consolidated with the Parent,
reporls consolidated net income
of $243 million In the third
quarter and $70.6 millian of
nine months a against a loss of
$4.5 million in the third quarter
‘and a profit of §2.5-million for

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