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BMH loss

19th June 1982, Page 13
19th June 1982
Page 13
Page 13, 19th June 1982 — BMH loss
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Which of the following most accurately describes the problem?

BUS MANUFACTURERS (Holdings) Ltd, the joint Leyland Bus/National Bus Company bus building company lost money last year.

NBC owns 50 per cent of BMH's equity and these shares cost it £2.4m. Its share of postacquisition reserves amounted to £6.8m at the end of 1981, making £9.2m in total.

The depressed market for the sale of new buses caused NBC to have to bear £1.1m of BMWs loss, and according to the 1981 NBC annual report despite the prospects for 1982 remain unpromising.

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