RNS No 9424f
PACIFIC DUNLOP LTD
12th February 1998

PART 2

PACIFIC DUNLOP HALF YEAR RESULTS
TO 31 DECEMBER 1997


Segments

Operating Revenue             PLEASE REFER TO ATTACHED REPORT
Sales to customers outside the economic entity
Inter-segment sales
Unallocated revenue
Total revenue
Segment result (including abnormal items where relevant)
unallocated expenses
Consolidated *operating profit after tax (equal to item 1.8)
Segment assets                       )     Comparative data for segment assets
Unallocated assets                   )     should be as at the end of the 
Total assets (equal to item 4.17)    )     previous corresponding period.

Dividends (in the case of a trust, distributions)

15.1   Date the dividend (distribution) is payable                1st July 1998

15.2   *Record date to determine entitlements to the dividend     10:00pm
       (distribution) (ie, on the basis of registrable trans-     10th June 1998
       fers received up to 5:00 pm if paper based, or by "End
       of Day" if a proper &SCH

15.3   If it is a final dividend, has it been declared?           N/A
       (Preliminary final report only)

* See chapter 19 for defined terms

Business Segments of Pacific Dunlop Limited Group
for the Six Months ended 31 December 1997

($millions)
                                 Operating        Assets        Operating
                      Notes       Revenue        Employed         Profit
                              1997      1996   1997    1996   1997      1996    

Industries 
Manufacturing 
Ansell (Protective 
 Products)                     508       404    769     677     68        54

GNB (Batteries)                623       565  1,025     863     25         2

South Pacific Tyres 
 (Tyres)                       528       544    654     673     40        46
  Less: Goodyear Share
         (50%)                 264       272    327     337     20        23
                        (i)    264       272    327     336     20        23

Cables & Engineered
 Products                      254       251    435     450     21        36

Consumer 
 Pacific Brands                637       639    650     685     59        58

Distribution Group 
 (Automotive & Electrical
  Products)                    743       758    577     582     29        40

                             3,029     2,889  3,783   3,593    222       213

Non-Core Businesses             44        28     64       57    (3)       (2)

Discontinued Businesses         12        55     33      128    (5)        6

                             3,085     2,972  3,880   3,778    214       217

Tyre Partnership
 Adjustments           (ii)    (31)      (30)  (177)   (184)    (6)       (7)
Unallocated Items      (iii)    56       229    187     171    (24)      (27)

Operating EBIT                                                 184       183
Goodwill and Brand
 Names                                          677     558    (20)      (18)

Earnings before Net
 Interest and Tax
 (EBIT)                                                        164       165
Net Interest                                                   (50)      (36)
Tax                                                            (28)      (40)
Outside Equity Interest                                          4        (5)

Operating Results            3,110     3,171  4,567  4,323      90        84
Abnormals after tax and
 outside equity interests                                        -         -
Cash                                          1,249  1,261     

Total Consolidated           3,110     3,171  5,816  5,584      90        84

Geographical Regions 

 Australia             (i)   1,793     1,840  1,860  1,960     105       143

 S.E. Asia                     108       113    389    444      44        39

 New Zealand                   193       188    220    206      15        20

 America                       865       716  1,280  1,069      49         6

 Europe                        126       115    131     99       1         9

                             3,085     2,972  3,880  3,778     214       217



Notes to Business Segments Statement

(i)   Tyres Operations
      Includes the economic entity's 50% partnership share viz:
                                                                     ($Millions)
                                Total         Australia         SE Asia
                            1997    1996     1997   1996     1997    1996
      
      Operating revenue      230     239      227    236        3       3
      Assets employed        288     299      285    296        3       3
      Operating profit        16      19       16     19        -       -

      and the economic entity's interest in the underlying revenue, assets and
      of the New Zealand operation.

(ii)  Tyre Partnership Adjustments
      Represents, in accordance with the requirements of Accounting Standards:

      -  the elimination of the economic entity's 50% partnership share of the
         underlying total assets employed in such businesses;
      -  the recognition of the economic entitys 50% partnership share of the 
         underlying interest costs of such businesses;
      -  the elimination of the economic entity's interest in the underlying
         revenue and assets of the New Zealand operation;

      and the recognition of the economic entity's investment in the Partnership
      and the New Zealand operation.

(iii) Unallocated Items
      Represents non-sales revenue, corporate assets and corporate costs and 
      other costs not allocated to Operating Groups.

(iv)  Industry Segments
      Details of industry segments are described in the Review of Operations
      section of the 1997 Annual Report.

(v)   Inter-Segment Transactions
      Operating revenue is shown net of inter-segment values.  The only 
      significant inter-segment sales were made by Cables & Engineered Products
      - $49 million (1996 - $57 million), S.E. Asia - $164 million (1996 -
      $131 million), America - $78 million (1996 - $20 million) and Europe - $61
      million ($1996 - $2 million).  Inter-segment sales are predominantly made
      at the same prices as sales to major customers.

Appendix 4B (equity accounted)
Half yearly
Amount per security

                                         Amount per security    Franked amount
                                                                Per security
                                                                at 36% tax   
 (preliminary final report only)

15.4  Final dividend:     Current year             N/A c                N/A c
15.5                      Previous year            N/A c                N/A c

    (Half yearly and preliminary final
      final reports)                   

15.6  Interim dividend:   Current year             7.0 c                4.2 c
15.7                      Previous year            7.0 c                4.2 c


Total dividend (distribution) per security (interim plus final)
(Preliminary final report only)

                                        Current year        Previous year

15.8  +Ordinary securities                      N/A c               N/A c

15.9  Preference +securities                    N/A c               N/A c


Half yearly report - interim dividend (distribution) on all securities or
Preliminary final report - final dividend (distribution) on all securities

                                       Current      Previous corresponding
                                       period       period
                                       $A'000       $A'000

15.10 +Ordinary shares                  71,997                      71,791
15.11 Preference +securities                 -                           -
15.12 Total                             71,997                      71,791

The +dividend or distribution plans shown below are in operation.
N/A

The last date(s) for receipt of election notices for the +dividend or
distribution plans       N/A

Any other disclosures in relation to dividends (distributions)       N/A

+See chapter 19 for defined terms


Details of aggregate share of profits of associates

                                       Current      Previous corresponding
Entity's share of associates           period       period
                                       $A'000       $A'000


16.1 Operating profit (loss) before
     income tax                          3,009                           -
16.2 Income tax expense                  1,184                           -
16.3 Operating profit (loss) after
     income tax                          1,825                           -
16.4 Extraordinary items net of tax          -                           -
16.5 Net profit (loss)                   1,825                           -
16.6 Outside equity interests                -                           -
16.7 Net Profit (loss) attributable
     to members                          1,825                           -

Material interests in entities which are not controlled entities
The economic entity has an interest (that is material to it) in the following
entities.  If the interest was acquired or disposed of during either the current
or previous corresponding period, indicate date of acquisition ("from xx/xx/xx")
or disposal ("to xx/xx/xx)

Name of entity         Percentage of ownership       Contribution to +operating
                       interest (+ordinary           profit (loss) and 
                       securities, +units etc)       extraordinary items after  
                       held at end of period         tax

17.1 Equity accounted  Current       Previous        Current       Previous  
     associated        period        corresponding   period        corresponding
                                     period          $A'000        period
                                                                   $A'000
Meadow Gold Investment
 Company                  50%                 50%     (410)                    -
Pacific Marine
 Batteries Ltd            50%                 50%      673                     -
SPT (New Zealand) Ltd     50%                 50%    1,562                     -

17.2 Total                                           1,825                     -
17.3 Other material
      interests

     South Pacific Tyres  50%                 50%    8,480                 9,442

17.4 Total                                           8,480                 9,442

+ See chapter 19 for defined terms.


Issued and Quoted Securities at end of
December 1997

Category of Securities      Number       Of which    Par value     Paid-up     
                            issued         quoted        cents     value cents

Ordinary Shares      1,022,614,201  1,022,614,201       50             50
Ordinary - Executive
 Plan Shares            14,641,900              -       50              1
Ordinary - Employee
 Plan Shares             5,934,470              -       50             50

Of which issued during
 half year: 

Ordinary - Converted
 from Executive Plan
 Shares                  1,731,000      1,731,000       50             50
Ordinary - Converted
 from Employee Plan
 Shares                    346,035        346,035       50             50

Convertible Notes

At 31 December 1996, bonds to the value of
US $72,233,000 remained to be converted,
comprising individual US$1,000 bonds 
bearing interest of 6.75%.  The bonds were
repaid in the six months to December 1997.

There were no further issues in 6 months to 31/12/1997


                                       At 30 June    Issued 6 months 
                                             1997     ended 31/12/97

Options
Number issued                           1,800,000          7,290,000
Number quoted                                 NIL                NIL
Exercise price                              $2.80              $3.30
Expiry date                            14/11/2001         11/12/2002

Notes on the Accounts

1.     Basis of Preparation of the Half-Year Accounts

The general purpose half year consolidated accounts have been prepared in
accordance with the requirements of the Corporations Law and Accounting Standard
AASB 1029 "Half Year Accounts and Consolidated Accounts" and with the Listing
Rules of Australian Stock Exchange Limited. These half year accounts and reports
should be read in conjunction with the 30 June 1997 Annual Accounts and Reports
and public announcements made by Pacific Dunlop Limited and its Controlled
Entities during the half year in accordance with continuous disclosure
obligations arising under the Corporations Law and Listing Rule 3A (i).

The carrying amounts of non current assets have been reviewed to ensure that 
such assets are not carried at a value in excess of their recoverable amount. In
determining recoverable amounts the relevant cash flows have not been
discounted to their present value.

For the purpose of preparing the half year financial statements, the half year
has been treated as a discrete reporting period.

2.  Change in Accounting Policy Associated Companies

In previous periods investments in associates were valued in the consolidated
accounts at Directors' Valuation. As a result of the adoption of AASB 1016
"Accounting for Investments in Associates", such investments are now, in the
consolidated financial statements accounted for using equity accounting
principles and are carried at the lower of the equity accounted amount and
recoverable amount. The economic entity's share of the associates' net profit or
loss after tax is recognised in the consolidated profit and loss account and
other movements on reserves are recognised directly in consolidated reserves.

To recognise the equity accounted amount of the investments on the initial
application of the standard, consolidated retained profits were decreased by
$23.5 million, the Currency Translation Reserve was decreased by $0.5 million,
the asset revaluation reserve was increased by $1.5 million, the Equity Reserve
was increased by $2.8 million and a dividend receivable of $1.6 million was
reclassified to equity investments at the beginning of the year. This change in
accounting policy has resulted in a decrease of $410,000 in consolidated profit
after tax and extraordinary items for the period ended 31 December 1997, to
reflect the economic entity's share of the associates' current period results.

The consolidated carrying value of investments in associates decreased by $18.1
million to recognise the equity accounted amount of the investment on the
initial application of the standard and increased by $1.8 million in respect of
the profit for the period ended 31 December 1997.

3.   Valuation of Freehold and Leasehold Land and Buildings

The independent valuations of freehold and relevant leasehold land and buildings
were undertaken as at 31 December 1997 by Richard Ellis (Victoria) Pty. Ltd., on
the basis of Market Value-Existing Use, subject to continued occupation by the
operating entity or, where this was not the case, Market Value-Alternative Use.
However, certain other freehold and leasehold properties including both
operative and idle sites were discounted below Market Value and/or Existing Use
Value. The latter are disclosed at Directors' Valuation. The valuation has
resulted in a reduction in both the consolidated asset revaluation reserve and
Land and Buildings of $23.5 million. A valuation of freehold and leasehold land
and buildings is obtained every three years in accordance with the requirements
of the Corporations Law.

Income Tax
Six months ended 31 December 1997

(A$'000)                                      1997              1996

Tax at standard rate on Operating Profit      40,954            46,206

 Add/(Deduct) Permanent Differences:

  Net lower overseas tax rate                (18,426)          (13,426)
  Depreciation of buildings                      548              (164)
  Capital profits not assessable/capital
   losses not deductible                         582              (275)
  Expenses not deductible                        834             3,257
  Exempt foreign profits/non-deductible
   foreign costs                                (125)           (1,022)
  Reversal of tax on Associates                 (657)                -
  Goodwill amortisation expenses NOT
   deductible                                  2,815             3,960
  Prior year adjustments                       3,500                 -
  Recovery of previously unbooked tax losses  (1,330)               23
  Other                                       (1,218)              860

Income Tax as per Profit & Loss Accounts 
 attrib. to Operating Profit                  27,477           39,419


Notes

1.  For announcement to the market  The percentage changes referred to in this
    section are the percentage changes calculated by comparing the current
    period's figures with those for the previous corresponding period.  Do not
    show percentage changes if the change is from profit to loss or loss to
    profit, but still show whether the change was up or down.  If changes in
    accounting policies or procedures have had a material effect on reported
    figures, do not show either directional or percentage change in profits.
    Explain the reason for omissions in the note at the end of the announcement
    section.

2.  True and fair view  If this report does not give a true and fair view of a
    matter (for example, because compliance with an Accounting Standard is
    required) the entity must attach a note providing additional information and
    explanations to give a true and fair view.

3.  Consolidated profit and loss account
    Item 1.1  The definition of "operating revenue" and an explanation of
              "sales revenue" (or its equivalent) and "other revenue" are set
              out in AASB 1004: Disclosure of Operating Revenue. 
    Item 1.4  "+operating profit (loss) before abnormal items and tax" is
              calculated before dealing with outside +equity interests and
              extraordinary items, but after deducting interest on borrowings,
              depreciation and amortisation. 
    Item 1.7  This item refers to the total tax attributable to the amount shown
              in item 1.6. Tax includes income tax and capital gains tax (if
              any) but excludes taxes treated as operating expenses (eg, fringe
              benefits tax).

4.  Income tax  If the amount provided for income tax in this report differs (or
    would differ but for compensatory items) by more than 15% from the amount of
    income tax prima facie payable on the profit before tax, the entity must
    explain in a note the major items responsible for the difference and their
    amounts.

5.  Consolidated balance sheet
    Format  The format of the consolidated balance sheet should be followed as
    closely as possible.  However, additional items may be added if greater
    clarity of exposition will be achieved, provided the disclosure still meets
    the requirements of AASB 1029 and AASB 1034. Banking institutions, trusts
    and financial institutions identified in an ASC Class Order dated 2
    September 1997 may substitute a clear liquidity ranking for the
    Current/Non-Current classification.

   Basis of revaluation If there has been a material revaluation of non-current
   assets (including investments) since the last annual report, the entity must
   describe the basis of revaluation adopted.  The description must meet the
   requirements of paragraphs 9.1-9.4 of AASB 1010: Accounting for the
   Revaluation ofNon-Current Assets.  If the entity has adopted a procedure of
   regular revaluation, the basis for which has been disclosed and has not
   changed, no additional disclosure is required.  Trusts should also note
   paragraph 10 of AASB 1029 and paragraph 11 of AASB 1030.

6. Statement of cash flows  For definitions of "cash" and other terms used in
   this report see AASB 1026: Statement of Cash Flows.  Entities should follow
   the form as closely as possible, but variations are permitted if the
   directors (in the cast of a trust, the management company) believe that this
   presentation is inappropriate.  However, the presentation adopted must meet
   the requirements of AASB 1026. +Mining exploration entities may use the form 
   of cash flow statement in Appendix 5B.

7. Net tangible asset backing  Net tangible assets are determined by deducting 
   from total tangible assets all claims on those assets ranking ahead of the
   +ordinary securities (ie, all liabilities, preference shares, outside +equity
   interests etc). +Mining entities are not required to state a net tangible
   asset backing per +ordinary security.

8. Gain and loss of control over entities  The gain or loss must be disclosed if
   it has a material effect on the consolidated financial statements.  Details
   must include the contribution for each gain or loss that increased or
   decreased the entity's consolidated +operating profit (loss) and
   extraordinary items after tax by more than 5% compared to the previous
   corresponding period.

9. Equity accounting  If an entity adopts equity accounting, no comparative
   equity accounting figures are required in the first period following its
   adoption.

10. Rounding of figures    This report anticipates that the information required
    is given to the nearest $1,000.  However, an entity may report exact
    figures, if the $A'000 headings are amended.  If an entity qualifies under
    an ASC Class Order dated 9 July 1997, it may report to the nearest million
    dollars, or to the nearest $100,000, if the $A'000 headings are amended.

11. Comparative figures  Comparative figures are the unadjusted figures from the
    previous corresponding period.  However, if there is a lack of
    comparability, a note explaining the position should be attached.

12. Additional information  An entity may disclose additional information about
    any matter, and must do so if the information is material to an
    understanding of the reports.  The information may be an expansion of the
    material contained in this report, or contained in a note attached to the
    report.  The requirement under the listing rules for an entity to complete
    this report does not prevent the entity issuing reports more frequently.
    Additional material lodged with the +ASC under the Corporations Law must
    also be given to ASX.  For example, a directors'report and statement, if
    lodged with the +ASC, must be given to ASX.

13. Accounting Standards  ASX will accept, for example, the use of International
    Accounting Standards for foreign entities.  If the standards used do not
    address a topic, the Australian standard on that topic (if one) must be
    complied with.

+ See chapter 19 for defined terms.

14. Corporation Law accounts  As at 1/7/96, this report MAY be able to be used
by an entity required to comply with the Corporations Law as part of its half
yearly financial statements if prepared in accordance with Australian Accounting
Standards.

APPENDIX 4B ASX LISTING RULES

Proforma Half Yearly Report & Dividend Announcement (Equity Accounted0

Pacific Dunlop Limited - ACN 004 085 330

Group

1.         Results from Operations
           Six months ended 31 December 1997

(A$'000)                                        1997        1996    % Change 

Operating Revenue 
Sales Revenue                                3,053,969   2,941,573     +3.8 
Other Revenue                                   56,528     229,045    -75.3
Total Operating Revenue                      3,110,497   3,170,618     -1.9 


Operating Profit 

Operating profit before 
Abnormal items & taxation                      111,936     128,351    -12.8 

Abnormal items before taxation                   -            -

Less income tax attributable to 
total Operating Profit                          27,477      39,419    -30.3 

Operating profit inclusive of abnormal 
items before outside equity interests           84,459      88,932     -5.0 

Share of associates net profit after tax         1,825        -          -

Less outside equity interests                   (3,790)      4,475       -

Operating profit after income tax 
attributable to members of 
Pacific Dunlop Limited +                        90,074      84,457     +6.7

Extraordinary items                               -           -          -

Les taxation                                      -           -          -
Extraordinary items after tax                     -           -          -
Less outside equity interests                     -           -          -

Extraordinary items after tax 
attributable to members of                           
Pacific Dunlop Limited                            -           -          -

Operating profit and extraordinary 
items after income tax                          90,074      84,457     +6.7 
attributable to members of 
Pacific Dunlop Limited

Summary of profit for six months:

+ Operating profit after income tax 
attributable to members                         90,074      84,457     +6.7
of Pacific Dunlop Limited

Abnormal items after tax attributable 
to members of Pacific                             -           -
Dunlop Limited

Operating profit after tax before 
abnormal items attributable                     90,074     84,457      +6.7
to members of Pacific Dunlop Limited



2.    Notes to results from Operations
      Six months ended 31 December 1997

(A$'000)
                                                    1997       1996  % Change 

Retained Profits: 

Retained profits at
beginning of the half-year                        116.121    (257.622) 

Operating profit After tax 
attributable to members of                         90,074      84,457 
Pacific Dunlop Limited 

Adjustment to retained profits for transfer from     -        340,208
share premium reserve 

Adjustment to retained profits at the 
beginning of the financial year due to initial     (23,544)       -
adoption of revised Accounting Standard AASB 1016
Accounting for Investments in Associates 

Total available for appropriation                  182,651     167,043 

Dividends provided for or paid                      72,089      71,841 

Aggregate of amounts transferred to reserves          -           -

Retained profits at end of the half-year           110,562      95,202



Operating profit is after charging/ crediting the
following:

Interest revenue                                   27,847       39,189  -28.9

Interest on borrowings including interest on bank, 78,026   (i) 75,498   +3.3
overdrafts, lease finance charges and trade bill 
interest

Depreciation and amortisation excluding 
amortisation of intangibles                        80,227        78,668  +1.9

Amortisation of intangibles                        20,094        18,369  +9.4

Notes: (i) Excludes $11,565,000 of interest re Telectronics
charged against the provision for holding losses.

The Group has a material interest of 50% in a partnership, South Pacific
Tyres, in Australia and Papua New Guinea.  Contributions have been included in
Group results as follows: 

-     $12,784,000 to the operating profit before tax (December 1996 - 
      $14,642,000) 

-     $8,480,000 to the operating profit after tax (December 1996 -
      $9,442,000).

 
2.   NOTES TO RESULTS FROM OPERATIONS (CONT'D)
     SIX MONTHS ENDED 31 DECEMBER 1997

     (A$'000)

     ABNORMAL ITEMS 1997                      GROUP: CURRENT HALF YEAR
                                         BEFORE TAX            INCOME TAX
                                           (A$'000)             (A$'000)

                                               -                   -

                                               -                   -


     ABNORMAL ITEMS 1996            GROUP: PREVIOUS CORRESPONDING HALF YEAR
                                         BEFORE TAX            INCOME TAX
                                           (A$'000)             (A$'000)

                                               -                   -
                                        
                                               -                   -

                                               -                   -


3.  INCOME TAX
    SIX MONTHS ENDED 31 DECEMBER 1997

    (A$'000)                                     1997           1996

    TAX AT STANDARD RATE ON OPERATING PROFIT    40,297         46,206
                                        
    ADD/(DEDUCT) PERMANENT DIFFERENCES:
 
    NET LOWER OVERSEAS TAX RATE                (18,426)       (13,426)

    DEPRECIATION OF BUILDINGS                      548           (164)

    CAPITAL PROFITS NOT ASSESSABLE/
    CAPITAL LOSSES NOT DEDUCTIBLE                  582           (275)

    EXPENSES NOT DEDUCTIBLE                        834          3,257

    EXEMPT FOREIGN PROFITS/NON-DEDUCTIBLE
    FOREIGN COSTS                                 (125)        (1,022)

    GOODWILL AMORTISATION EXPENSES 
    NOT DEDUCTIBLE                               2,815          3,960

    PRIOR YEAR ADJUSTMENTS                       3,500              -

    RECOVERY OF PREVIOUSLY
    UNBOOKED TAX LOSSES                         (1,330)            23

    OTHER                                       (1,218)           860

    INCOME TAX AS PER PROFIT & LOSS ACCOUNTS
    ATTRIB. TO OPERATING PROFIT                 27,477         39,419


4.      DIVIDENDS      6 MONTHS ENDED 31.12.1997   6 MONTHS ENDED 31.12.1996
        ORDINARY       CENTS PER    TOTAL AMOUNT   CENTS PER    TOTAL AMOUNT
        SHARES         $0.50           $'000        $0.50           $'000
                       SHARE                        SHARE               


        INTERIM         7.0             71,997       7.0             71,791

        AN INTERIM ORDINARY DIVIDEND HAS BEEN DECLARED AND IS PAYABLE
        ON 1 JULY 1998.

        DIVIDENDS FOR 1997 AND 1998 WERE FRANKED TO 60%.


5.      ISSUED AND QUOTED SECURITIES AT END OF
        DECEMBER 1997

        CATEGORY OF SECURITIES      NUMBER    OF WHICH   PAR VALUE   PAID-UP
                                    ISSUED    QUOTED     CENTS       VALUE
                                                                     CENTS

        ORDINARY SHARES      1,022,614,201 1,022,614,201   50         50

        ORDINARY - EXECUTIVE
                   PLAN SHARES  14,641,900             -   50          1

        ORDINARY - EMPLOYEE
                   PLAN SHARES   5,934,470             -   50         50


        OF WHICH ISSUED DURING THE HALF YEAR


        ORDINARY - CONVERTED FROM
        SHARES     EXECUTIVE PLAN 1,731,000    1,731,000   50         50

        ORDINARY - CONVERTED FROM 
        SHARES     EMPLOYEES PLAN   346,035      346,035   50         50


        CONVERTIBLE NOTES

        AT 31 DECEMBER 1996, BONDS TO THE VALUE OF
        US$72,233,000 REMAINED TO BE CONVERTED,
        COMPRISING INDIVIDUAL US$1,000 BONDS
        BEARING INTEREST OF 6.75%. THE BONDS WERE
        REPAID IN THE SIX MONTHS TO DECEMBER 1997.


        THERE WERE NO FURTHER ISSUES IN TO 6 MONTHS TO
        31.12.97

                                        AT 30 JUNE        ISSUED SIX MONTHS
                                              1997           ENDED 31.12.97

        OPTIONS

        NUMBER ISSUED                    1,800,000               7,290,000

        NUMBER QUOTED                          NIL                     NIL

        EXERCISE PRICE                       $2.80                   $3.30

        EXPIRY DATE                     14.11.2001              11.12.2002

6.  Additional Information
    Six months ended 31 December 1997                          1997      1996

    Operating profit before abnormal items and tax as a        3.7%      4.4%
    percentage of sales revenue

    Operating Profit after income tax attributable to 
    members of Pacific Dunlop Limited as a percentage
    of Shareholders equity at end of year
    -    inclusive of abnormal items                            5%       4.8%
    -    before abnormal items                                  5%       4.8%

    Earnings per ordinary share based on weighted 
    average number of shares on issue during the
    period and bsed on:
  
    -    Operating profit after income tax attributable
         to members of Pacific Dunlop Limited

         *  before abnormal items         -   basic           8.8c       8.3c
                                          -   diluted         8.6c       8.1c
         *  inclusive of abnornmal items  -   basic           8.8c       8.3c
                                          -   diluted         8.6c       8.1c

    Net tangible asset backing per ordinary share             110c       118c

    Net asset backing per ordinary share                      175c       176c


Comments on the basis of preparation of the accounts and the financial effect of
the change in the accounting policy are attached.

The Balance Sheet, Business Segments reporting and Statement of Cash Flows for
the Group are attached.  The financial results have been subject to audit
review.

Financial data complies with approved accounting standards and gives a true and
fair view of the matters disclosed.

The Half Yearly Report was approved by report was approved by resolution of the
Board of Directors at its meeting on 12 February 1998.

The Company has a formally constituted Audit Committe of Board Directors.

Based on the current tax laws and the existing mis of the Company's operations
between Australia and overseas and barring unforeseen developments, Pacific
Dunlop Limited expects that franking of its F'98 dividends will be not less than
60%.

Registrable Transfers received by the company up to 10:00 pm on 10 June 1998
will be registered before entitlements to the interim dividend are determined.


JOHN C. RENNIE
Secretary
12 February 1998

MORE TO FOLLOW

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