No fall this autumn?
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DESPITE an increased turnover, York Trailer Holdings Ltd made a pre-tax loss of £495,000 in the six months to June 30, 1980, compared with a profit of £303,000 in the same period last year and an £861,000 profit in the first six months of 1978. First half turnover was up from £17.97m to £19.80m.
The group has made 600 of its 1800 workforce redundant and redundancy payments alone account for £253,000 of the loss The company says that sales were up as a result of its drive to reduce its stock at attractive discounts. Certain export markets were buoyant, and the company was able to hold its market share at 18 per cent, compared to 20 per cent last year Announcing the figures, chairman Fred Davies said that he had no optimism for the rest of this year.
"The probability is that we shall break even during the autumn months. We have complete confidence in our ability to survive — undoubtedly battered, but certainly leaner.