Continental car makers lift Laird
Wednesday 07 April 1993
The group made pounds 36.2m before tax in 1992 against pounds 21.3m the previous year. Charles Barton, finance director, said the recovery was largely down to better results from the car body seal business in Germany.
The sealing systems divisions saw profits before interest and tax jump from pounds 13.8m to pounds 23m. The group had invested heavily in the business and capital spending in 1992 rose pounds 10m to pounds 33m.
But Mr Barton warned that the gathering recession in Germany had led to tougher trading conditions in the first quarter of this year.
'However, the smaller cars such as the Volkwagen Golf and the Vauxhall Astra that we supply will probably be affected much less than other more expensive models,' he said.
'Also, the French market is holding up very well and we are making considerable progress in our UK building materials businesses.
'We are also seeing the benefits of the investment in Fullarton in Scotland, which is now one of the biggest suppliers of components to the European computer industry.'
Group turnover rose to pounds 601m from pounds 524m. Earnings per share were 18.7p (12.3p). The dividend rises to 10.5p (10.2p) and the final has been paid as a second interim.
The shares fell 4p to 278p.
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned
Peaches Geldof: Her final day – and her fatal decision
Chief Ebola doctor in Sierra Leone has contracted the deadly disease himself
Students offered grants if they tweet pro-Israeli propaganda
Israel-Gaza conflict: Israel may have committed war crimes, says UN human rights chief
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
iJobs Money & Business
£350 - £400 per day: Orgtel: Test Lead, London, Banking, Financial Reporting, ...
£375 - £400 per day + competitive: Orgtel: My client, a leading bank, is curre...
£350 - £400 per day: Orgtel: PMO Analyst - Banking - London - £350 -£400 per d...
£300 - £350 per day + competitive: Orgtel: Cost Reporting Manager - MI Packs -...