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LUT's profits drop

7th May 1971, Page 49
7th May 1971
Page 49
Page 49, 7th May 1971 — LUT's profits drop
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Which of the following most accurately describes the problem?

• The profit of Lancashire United Transport for the year ended December 31 1970 was £162,147 compared to £248,942 for the previous year, a decrease of £86,795 or some 35 per cent.