AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

High interest rates hit Lex Services

2th August 1990, Page 14
2th August 1990
Page 14
Page 14, 2th August 1990 — High interest rates hit Lex Services
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

• Lex Services is the latest firm to feel the effects of high interest rates with half-year profits 27% down on last year. Pre-tax profit is £23.2m compared with £36.8m for the first six months of 1989.

The company, which is joint owner of Transfleet with Lombard North Central, recently acquired half-ownership in Seltra, a French truck leasing business, with an option to buy the rest in two years.