1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136 
Business News
Page 21
If you've noticed an error in this article please click here to report it so we can fix it.
Winter's cost
THE HARGREAVES Group reports profits before tax and extraordinary items for the year ended March 31 at £3,474,000 — marginally more than in the previous 12 months. Bad weather and strikes are blamed. Tax amounted to £540,000.
Says the chairman, David A. E. R. Peake. "This combination of factors cost our wholly owned companies well in excess of £500,000."
"Hargreaves Transport Ltd, trading under the name of Smith & Robinson, had excellent prospects, before the road haulage strike intervened, causing losses in January that depressed the outcome to little better than average. There was no dispute between employees and management within the company and the damage was entirely attributable to external factors," he said.
Hargreaves Transport has depots in Yorkshire, Lancashire, London, Cleveland, Humberside and South Wales.
Better year
ERF has announced slightly improved profits for the past financial year.
Pre-tax profits totalled £3.34m, which is 2 per cent above last year's figure. The company said that the haulage drivers' strike in January this year had an adverse effect on profits, but record sales during March helped overcome this, The total value of sales for the year was £68.2m, 21 per cent above the previous year.
t12m tools profit
THE 600 Group, produced its best ever results for the year ended March 31. Profit before tax amounted to £11,896,000.
ERF-Leyland tie-up
FOLLOWING an agreement with ERF South Africa, Leyland, South Africa is to sell the full range of ERF commercial vehicles through its 24 branches in the country.