Dawson profits rocket
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• Dawson Holdings, the newspaper and magazine distribution and information group, has almost tripled its annual pre-tax profits from £3.5m to £9.8m.
The Group says that its overnight newspaper and magazine distributor, Surridge Dawson, which it bought in June, performed very well following a restructuring programme that involved closing some satellite depots to centralise operations. Turnover rose in 1995/96 by nearly £100m to 28m with share dividends rising from 30p to 40p on earnings per share of 132p against 36p last year.
The company criticised Chancellor Kenneth Clarke for reducing the tax benefits for share incentives but still plans to go ahead with a profit.related pay scheme for Surridge Dawson employees.
The group runs 450 vehicles from 14 depots across the UK.