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• Powell Duffryn's halfyear profits are up by 27%, largely

6th December 1986
Page 25
Page 25, 6th December 1986 — • Powell Duffryn's halfyear profits are up by 27%, largely
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Which of the following most accurately describes the problem?

because of the success of the fuel distribution side of the business.

The shipping, fuel distribution and engineering group has announced halfway-stage profits of $10 million — results achieved in part because of a fall in world oil prices and subsequent increased demand.

In the year ending March 31 1986 the group had a pre-tax profit of 42 million.