TDG's biggest profit
13th March 1970, Page 27
13th March 1970
Page 27
Page 27, 13th March 1970
— TDG's biggest profit
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• In 1969 the Transport Development Group Ltd made a profit before tax and depreciation of £10,199,000—the first time that the figure has exceeded £10m. After deduction of depreciation the profit was £6,884,000 (1968: £6,334,000).
Last year's turnover was a record £55,336,000 (£48,900,000) and net profit after all charges was £4,041,000 (£3,813,000).
The rates used for calculating depreciation, increased at the end of 1968, have made the 1969 figure £269,000 greater than it would otherwise have been.
The company is experiencing good trading this year, and expects the 1970 results to show further growth.