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
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
Keywords :
Plaxton, Scarborough, North Yorkshire, Dividend, Transport, Land Transport, Road Transport, Business / Finance
• 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.
Tags
People:
F. W. Plaxton