Plaxtons expand while profit rises
14th January 1972, Page 26
14th January 1972
Page 26
Page 26, 14th January 1972
— Plaxtons expand while profit rises
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• A net profit before taxation of £720,428 was achieved by Plaxtons (Scarborough) Ltd for the financial year ended August 31 1971, compared with £512,756 for the previous year, the chairman, Mr F. W. Plaxton, has announced. Production of buses and coaches also reached record figures during the year.
After allowing for corporation tax, a balance of £413,378 was left. The directors are recommending a total dividend of 35 per cent for the year, an increase of five per cent; a bonus issue of one new share for every four shares held is also recommended.
Mr Plaxton also stated that the current year has begun encouragingly and the company is in a strong position with a full order book and a much improved availability of chassis.