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Turnover rises profits don't

3rd November 2005
Page 12
Page 12, 3rd November 2005 — Turnover rises profits don't
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Which of the following most accurately describes the problem?

'URNOVER AT Chester istribution and warehousing Dmpany Great Bear Distribution awed to £56.6m for the year nding 31 December 2004, up .om £49.1m the previous year.

However pre-tax profits for the year ending 31 December 2004 were almost unchanged, rising from £4.1m to £4.2m.

Its accounts also reveal that Great Bear's directors (there were seven until one resigned in September) were paid a combined figure of £870,000 for the financial year down £1.1m on 2003. The highest paid director received £218,415, compared with £377,960 the previous year.

Great Bear Distribution employs 727 staff and runs 161 vehicles

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