Mixed results from NFC
20th December 1990, Page 6
20th December 1990
Page 6
Page 6, 20th December 1990
— Mixed results from NFC
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• NFC's transport businesses have turned in a patchy set of contributions to the group's year-end results.
Group pre-tax profits rose 8% to 297.7m, but the bottom Line was cushioned by an 211m performance-related reduction in the group's profit-sharing allocation.
Results from BRS and Tank
freight were particularly poor: the transport division's pre-tax profits sank by glair to 227m. However, Waste Management did well and is earmarked for major investment, says new chairman James Watson, who succeeds Sir Peter Thompson on 1 January. He promises "decisive action" against underperforming businesses in 1991,