:RF cuts loss
1st January 1983, Page 5
1st January 1983
Page 5
Page 5, 1st January 1983
— :RF cuts loss
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F has started on its road to ovary, and made a £60,000 ding profit in the 28 weeks to tober 16. The comparable ure for 1981 was a £1.6m loss. kfter tax and interest, the rnpany made a £705,000 loss, iereas in 1981 it lost £2.3m. sales rose by 52 per cent and ports rose by 19 per cent, reIting in an overall rise from 2.8m to £33.7m. Commenting the results, ERF chairman ter Foden said: "Prospects for a second half of the year are II very uncertain although the icision allowing the heavier rry will have longer-term benes.