Sim. Gross Profit at Birmingham?
7th January 1955, Page 46
7th January 1955
Page 46
Page 46, 7th January 1955
— Sim. Gross Profit at Birmingham?
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AGROSS profit of £967,844 is expected to be shown by Birmingham Transport Department on March 31. The net surplus, after deducting loan charges and depreciation, and taking into account the .recent pay award to bus workers, is estimated at £164,402, which will reduce the accumulated deficit to £390,000.
After taking accumulated reserves into account, the overall deficit on the undertaking at the end of the financial year is estimated at £254,212.
The department has been incurring losses since 1951, when it had a deficit of £213.024. By 1953. this had risen to £722,107.
These figures were given in a report of the transport committee to the city council meeting on Tuesday. •