ERF back in black, Edbro profit up
5th July 1986, Page 6
5th July 1986
Page 6
Page 6, 5th July 1986
— ERF back in black, Edbro profit up
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• ERF, flushed by an initially favourable reception for its new E-Series truck range, has announced a return to profit in the year to March 29.
Chairman Peter Foden revealed that the pre-tax net profit in 1985/86 was 21.3 million, compared with a loss of 2444,000 on the previous year. Much of that loss was caused by exchange losses of 21.2 million.
Before interest, the profit rose by 34% from 22.1 million to 22.9 million.
7 Tipping gear manufacturer Edbro record steady, if unspectacular, growth in the year to March, with turnover up 2800,000 to 220.8 million.
Trading profits increased by 2100,000 over the same period to 22.4 million.