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Yorkshire Rider boosts profits

22nd November 1990
Page 20
Page 20, 22nd November 1990 — Yorkshire Rider boosts profits
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Which of the following most accurately describes the problem?

• Employee-owned Yorkshire Rider has increased its turnover and profit, net results are slightly down on last year because of high interest charges.

Turnover in the year to March 1990 was up to £74.5m (£66m) and trading profit was up to £3.36m (£2.12m). But net profit after interest and payments to the profit sharing trust was down from 21.25m in 1988/9 to £1.15m.