AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

TDG's biggest profit

13th March 1970, Page 27
13th March 1970
Page 27
Page 27, 13th March 1970 — TDG's biggest profit
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

• 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.