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lestair loss— not bad

29th June 1979, Page 19
29th June 1979
Page 19
Page 19, 29th June 1979 — lestair loss— not bad
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Which of the following most accurately describes the problem?

[STAIR CHAIRMAN David Hargreaves told CM this week Lt the special vehicles division (Hestair Dennis and Hestair ee) lost £988,000 last year, and not £21.5m as we reported last ek.

['he company's 1978 turnover was £25.2m, and the £21.5m ers to export orders which were cancelled during the second f of 1978.

lut Mr Hargreaves refuted a statement made by the company week that it had lost an order for water tankers for Iran. He d: "We have never had such an order."

-le added that the group does not blame "poor finances" upon Irthing. "The Hestair Group does not have poor finances," he d.

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Organisations: STAIR

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