AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

TDG's profits down by 8%

14th March 1991, Page 7
14th March 1991
Page 7
Page 7, 14th March 1991 — TDG's profits down by 8%
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?

• Transport Development Group profits are down 8% chiefly because of a disappointing performance from its overseas subsidiaries.

TDG's year-end results show pre-tax profit falling from .241.5m to 238.2m on a turnover down 212.5m to 2580.6m.

Chief executive Alan Cole declares himself "reasonably content" with the UK division's results. Talking about his offensive on UK problem companies, he says: "All have now been tackled. All are out of intensive care although some are still in hospital and some have even been buried."

Cole is planning to sell two of three US companies, where profits fell by more than 50%.