ERF's £2.5m lo!
17th January 1981, Page 6
17th January 1981
Page 6
Page 6, 17th January 1981
— ERF's £2.5m lo!
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ERF (Holdings) Ltd made loss of £2.5m before tax fc 28 weeks ended Octob( compared with a net pro £1.7m for the same perk 1979. Group sales were £3: 18 per cent down on 1979,1 vehicle unit sales slumped per cent.
Chairman and mane director Peter Foden said the trading loss was entirel, to the massive fall-off in th truck market, and that hig terest rates and the s• pound also had an ad. effect.
The company last v disclosed that its Wrexhar pansion programme had been abandoned due to th favourable economic cli (CM, January 10).
Despite the gloomy news increased its share to be market leader in the prer 28-ton-plus tractive sector ing the last quarter of 1980.