Rootes turns corner
8th March 1968, Page 54
8th March 1968
Page 54
Page 54, 8th March 1968
— Rootes turns corner
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• After a net loss of over £10m for the year ending July 31 1967, Rootes Motors Ltd. reports a profit of £927,000 for the six months ending February 2. Sales increased 28 per cent in this period compared with the corresponding six months last year but results are reported to have been less satisfactory in the commercial vehicle market where the company's share went down from 9.6 per cent to 7.9 per cent. The operating profit takes into account the sale of land and buildings (principally the Dodge factory at Kew) which totalled £940,000.