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Maincuard (Australia) Ltd. ex- ocets tills years' operations to shan improvement, Mr. J. E. Cassidy, chairman, said al thc annual meel- ine in Sydney yesterday.
Profits fell sharply in the last financial year.
Mr. Cassidy said the company should benefit from a number of Its projects this year.
. Charles Chauvel Productions Ltd., which produced "Jedda," the Irst full-lensth Australian color film.
. Gippsland Industries Ltd.. In vhioh it ls a lane shareholder.
. Festival Records Ltd.. which i.» operating very profitably.
Mr. Cassidy said some of Maln TUard's other-main projects were:
. Solar Salt Ltd.. a brick salt oroducer. with leases covering 20.000 acres near Port Augusta.
. Concrete Developments Ltd., which has contracts with the Queensland Housing Commission.
. Engineering and Electrical In- dustries Ltd.. whose year to June 30, 1955. was prolltable.
. Territory Rice Ltd., Northern Territory rice growers, which a wealthy American group finances. Malnguard has an interest in the