Company News in Brief

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The Independent Online
Crown Eyeglass achieved pre- tax profits of pounds 423,000 ( pounds 451,000) for the year ending 28 March. Total dividend 7p (6p).

Electrical Distributors made pre-tax profits of pounds 2.02m ( pounds 2.5m) in the year to the end of April on unchanged turnover. The total dividend was unchanged at 11.7p.

Porth Group made pre-tax losses in the half-year to end-June of pounds 1.9m (loss pounds 1.8m). No dividend. John Miller, chief executive, said that the group, with a degree of caution, looked forward to a profitable year.

Newmarket Venture Capital had a net asset value of pounds 21.7m at the end of June, unchanged from the end of December 1992. The company is being voluntarily wound up and the assets distributed to shareholders after the annual meeting next year.

Black Arrow pre-tax profits rose to pounds 2.03m from pounds 1.3m (not pounds 13.3m as originally reported) in the year to the end of March.

De Morgan Group's pre-tax loss in year to end April was pounds 258,000 (loss pounds 1.7m). No interim or final dividend.