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Mitchell Cotts profits

10th November 1979
Page 6
Page 6, 10th November 1979 — Mitchell Cotts profits
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Which of the following most accurately describes the problem?

Operating profits at the Mitchell Cotts Group have declined, and much of the blame for this lies with the engineering industry.

They have gone down from £10.2m to £7.2m, but attributable profits have risen by 61 per cent to E5.8m.

The company's transport activities have remained steady, with 1979 pre-tax profits declining from 1978's E3.2m to E3m.

This represents 30 per cent of profits, while last year it was 25 per cent.

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