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E.R.F. OUTLOOK PROMISING

16th August 1957, Page 33
16th August 1957
Page 33
Page 33, 16th August 1957 — E.R.F. OUTLOOK PROMISING
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Which of the following most accurately describes the problem?

PR 0 SPECT S for the ensuing year were promising, but competition was much keener and tended to reduce the margin of profit on sales of new vehicles, Mr. Dennis Foden, chairman and managing director of E.R.F. (Holdings), Ltd., told the shareholders last week. Exports had fluctuated during, the past year, but a steady flow of orders from overseas was expected shortly.