FED:Packer made more than $1m a day in final year,documents show

AAP General News (Australia)
12-29-2005
FED:Packer made more than $1m a day in final year,documents show

SYDNEY, Dec 29 AAP - Media and gambling magnate Kerry Packer was making more than $1
million a day in profits in the final year of his life, corporate documents show.

Mr Packer earned $393 million in the past financial year in profits from private investments
in property, plastics, chemicals and cattle, according to financial statements filed with
the Australian Securities and Investments Commission.

The figures, published in today's News Ltd newspapers, show the 68-year-old made an
average $7.8 million a week in the past year, largely underpinned by some 258 million
PBL shares.

This was on top of hundreds of millions of dollars he received in sharemarket dividends.

Three of his companies, Samenic, Bareage and Consolidated Press Holdings returned a
2005 profit of more than three times the $120 million reported for 2004.

In particular, Samenic's $347 million sale of its Hoyts cinema business to a consortium
comprising West Australian Newspapers and PBL helped boost its net profit from $9.8 million
to $228.5 million.

AAP ajc/cdh/jlw

KEYWORD: PACKER MILLION

2005 AAP Information Services Pty Limited (AAP) or its Licensors.