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111 On sales of £7.65m, Edbro (Holdings) Ltd made a trading profit of £987,065 in the year ended March 31, 1971. Profit after tax was £592,232—about £70,000 higher than the previous year.
The chairman's annual report records that direct exports were a record £2m, with Europe the largest market. To iescribe the "new, unique and most inwelcome" continuing inflation of costs and prices combined with a falling-off in lemand, the chairman uses the word 'stagflation".
Referring to the new range of lightweight tipper bodies, he remarks that bese can easily be packed ckd and may :herefore help Edbro to break into new narkets with tipping bodies which are saditionally a local manufacture.