AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

ERF loss

9th January 1982
Page 3
Page 3, 9th January 1982 — ERF loss
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

ERF has announced a trading loss before interest and tax of £1.48m for the period April 5 to October 17 last year, compared with £1.81m for the same six months of 1980.

Redundancy costs with interest charges brought the final loss before tax to £2.2m.

Despite these figures, the ERF chairman and managing director Peter Foden thought that the worst effects of the recession were over and an improvement in the trading results in 1982-83 could now be expected.

Tags

People: Peter Foden

comments powered by Disqus