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BET £9.8m profit
Page 41
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• A pre-tax profit of £9.8m for the BET Co. has been announced in the director's report and statement for the year ended March 31 1968.
During the latter part of the year Rediffusion, Rediffusion Television, Rediffusion Holdings and Kingsborn Publications became subsidiaries, and the Group sold its interest in the United Kingdom Bus Companies to the Transport Holding Company. The pre-tax profit includes a net benefit arising from these changes of approximately Lim.
The reduction of £15.5m in the book value of investments can be attributed to the elimination of shareholdings in the bus companies, states the report.
There was a Ulm profit, before tax, for United Transport Overseas, in which BET has a 414 per cent interest; this was some 9 per cent below the record profit achieved in 1966.