ERF'S PROFITS
21th January 1977, Page 6
21th January 1977
Page 6
Page 6, 21th January 1977
— ERF'S PROFITS
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
Keywords :
Sandbach, Dividends, Edwin Foden, Sons & Co., Fundamental Analysis, Corporate Finance, Generally Accepted Accounting Principles, Dividend, Erf, Cash Flow, Business / Finance
ERF have reported 63 per cent increase in turnover during 28 weeks ending last October, and the Board has recommended an interim dividend of 1.5p a share.
The company made a profit of £353,000 during the period compared with a loss of £210,000 during the same period last year.
Chairman and managing director Peter Foden told shareholders in an interim statement that the cash flow situation had improved and exports were buoyant and profitable.
"Whilst the future is difficult to predict, the overall order book is strong and I am hopeful that the much improved performance will continue into the second half of the year," said Mr Foden. _ _
Tags
People:
Peter Foden