ERF better
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ERF made a trading profit of ; £84,000 in the year to April 2, but extraordinary items kept it out of pre-tax profit.
The company, Britain's last independent vehicle manufacturer, reported a substantial improvement over its trading loss of £1.9m in 1981/82.
After interest charges, therp was a £1.4m loss on ordinary activities (1982: £3.2m), and the addition of extraordinary items and dividend costs took the loss to £1.6m (1982: £5m).
Turnover rose from £52.3m to £62.6m, and chairman and managing director Peter Foden commented last week: "The outlook for 1983 appears to be more encouraging but it is too soon to quantify this at present."
• Shelvoke and Drewry's parent company, the Butterfield Harvey Group, returned to profit in 1982/83.
Figures just published show a £4.4m improvement from a loss of £4.3m in the year to April 2 last year to a £118,000 profit in 1982/83. Turnover in 1982/83 was up from £43m to £46.1m.