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Profits picking
Page 34
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PROFITS for the current will be "substantially in ol of those for 1976," Ai Murray, recently appoi chairman of Crane Frue Ltd predicted. But in statement to sharehol accompanying the am report, he was unable to g firm forecast because of stated intention by the 1 hauf Corporation of the I ed States to make a furthe The proposed acquisitio the Fruehauf Corporation been referred to the Mon lies and Mergeis Commis who would not now reporting until July 9.
Th the year under revie 53-week period ending January I, 1977, group t over climbed by 40 per cei a record £47,656,000 (ag; £33,678,000 previously) v exports topped ElOm for first time at £10,250 (£7,779,000).
Group operating profit fore tax soared by £1,39E to £1,510,000 (£111,000).
The board are recomm ing a final dividend of 1.6.5 cent, which, together witli interim dividend of 4.95 cent, makes a total distt tion for the year of 21.5 cent (8.8679 per cent).
The current year, said Murray, has begun well the level of order intake i parts of the company healthier than it has beer over two years.