Company News in Brief

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The Independent Online
Brasway, manufacturer of high-pressure hydraulic hoses and end fittings, fell to pounds 776,000 ( pounds 1.25m) pre-tax profit in the year to 30 April. Group turnover slipped to pounds 30.4m ( pounds 33m). The result included a pounds 751,000 exceptional profit from the sale of the welded tube systems business, Brasway Tube. Mark Swaby, chairman, said Brasway would now focus on making and supplying hoses and fittings in the UK and abroad. Earnings per share are 0.69p (1.15p). Total dividend is cut to 0.51p (0.58p).

Marling Industries, the industrial textiles concern, sharply reduced pre- tax losses from pounds 27.9m to pounds 9.6m in the year to 31 March, despite a fall in turnover to pounds 79m ( pounds 102.7m). Loss per share is cut to 1.54p (11.3p). Total dividend is 0.65p (0.22p).

Reliance Security Group, provider of security and manpower services, reduced pre-tax profits to pounds 1.1m ( pounds 3.4m) in the year to 30 April. Turnover improved to pounds 68.1m ( pounds 63.4m). Earnings per share were cut to 3.5p (10.2p). Total dividend is held at 4.5p.

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