BUSINESS BRIEFS
Page 60
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SHEEPBRI DGE Sheepbridge Engineering Ltd. has acquired, through its subsidiary, Advance Motor Supplies Ltd., the whale of the issued share capitals of two small companies in the West Country. The two new members of the Sheepbridge Engineering Group are Frank Birkett (Autobrakes) Ltd., Alexandra Lane. Ellacombe, Torquay, Devon; and Clutch and Brakes (Cornwall) Ltd., North Parade. Falmouth, Cornwall, BONSER Bonser Engineering Ltd., Giltbrook, Nottingham, has appointed Doherty and Ross (Ireland) Ltd., 42-43, Scottish Provident Building, 2, Wellington Place, Belfast 1, as the new, sole agent for the marketing of Banser fork-lift trucks throughout Northern Ireland.
W. P. BUTTERFIELD Although sales to customers for the year ended March 31 1969 by W P Butterfield Ltd, increased by C459,00010 £11.594.000, Group net profit fell to £248,584 (1968: £363.0011 ATKINSON
Group profit before tax of Atkinson Lorries (Holdings) for the year ended March 31 1969 fell to £310.469 (1968: £402,6051, although sales increased to £7,788,954 (1968: £6,988,6741 The profit reduction was primarily due tot substantial loss by the South African subsidiary in the last lief due to a reorganization. This company has now restored profitability and has an improved order book. The New Zealand subsidiary also failed to make a profit, and an onthe-spot investigation is being made by Mr. P. Yates. director. The report shows that the Group's net p-rofit was £124.768, compared with £255,111 for 1968.
POINTER Mr. P. H. Pointer, chairman, forecasts pre-tax profits for thi enlarged Pointer Group of not less than £400,000 for 1969 The Group trading profit for 1968 was £742,024. comparet with £781,048 for 1967 Last year. as predicted, was diffi cult, but the downward trend in the second half whict continued into the first two months of 1969, has beer reversed.