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LCNE in the black

5th October 1989, Page 18
5th October 1989
Page 18
Page 18, 5th October 1989 — LCNE in the black
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Which of the following most accurately describes the problem?

• London Country North East made a net profit of £49.000 on a turnover of £11.5 million in the 44 weeks up to the end of 1988, after taxation and staff severance costs of £372,000. LCNE was the last National Bus subsidial to be privatised and show( a loss of £2.8 million in its last NBC year. Now owne by AJS Holdings, it operat as two autonomous companies, County and Sovereign.

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