Company News in Brief

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The Independent Online
Harrison Industries, maker of industrial doors and castings, has made a loss of pounds 908,000 for the 15 months to 31 March (loss pounds 1.45m for year ended 31 December) in its first set of results since the reverse takeover by Antares Group in January. The figures include Antares's results for 1991 and those of the combined group for the first three months of this year. Barry Giddings, chief executive, said the restructuring of the company had been successfully completed, but warned that progress was difficult 'in very tight market conditions'.

Gibbon Lyons Group, the printing inks maker, announced a fall in pre-tax profits to pounds 806,000 ( pounds 1m), after a pounds 799,000 exceptional item, in the year to 31 March. Michael Gibbon, chairman, said profits were hit by the need to make further provisions for bad and doubtful debts of which over pounds 100,000 had been incurred in France. Turnover declined from pounds 23.1m to pounds 22.8m. Final dividend is 3p, making 5p (6p).

Hollas Group, the garments, yarns and fibres merchant, saw pre-tax profits increase nearly fivefold from pounds 47,000 to pounds 223,000 in the year to 31 March. Final dividend is 0.6p, making 1.2p.

Bogod Group, which sells sewing machines, made pre-tax profits of pounds 259,000 ( pounds 242,000) in the year to 31 March, despite a slight fall in turnover, down from just over pounds 6m to pounds 5.8m. Earnings per share eased to 2.99p (3.03p). Final dividend is 0.25p (0.22p), making 0.35p (0.32p).

Gardiner Group, a supplier of electronic security and fire prevention equipment, declined to pounds 1m (3.45m) pre-tax profits in the six months to 30 April. Interim dividend is held at 0.47p.

Tops Estates, the shop and office property company, lifted pre-tax profits to pounds 2.6m ( pounds 2.4m) in the year to 31 March. Final dividend is 1.45p, making 2p (1.8p).

Quiligotti, a maker of terrazzo floor tiles, incurred a pounds 1.8m pre- tax loss (profit pounds 905,000) in the year to 31 March. No dividend.

M&G Dual Trust, the split-level investment trust, maintained pre- tax profits at pounds 1.7m. Interim dividend is held at 30.55p.