Wheway maintains payout
Wednesday 01 July 1992
Atlas-Wright, the group's main environmental engineering business, was the principal cause of a pounds 1.75m loss in the October-December quarter as its sales slumped by more than 50 per cent. After a good recovery in the second quarter, demand in April and May was again disappointing.
John McGowan, Wheway's chairman, said the maintained dividend of 1p a share was justified by Wheway's future rather than its immediate short-term prospects.
'We are not dependent on economic recovery for our recovery,' Mr McGowan said. Wheway looks likely to break even over the full year.
Despite a 15 per cent rise in sales by the clean air division, group turnover fell by 11 per cent to pounds 37.5m in the 26 weeks to 28 March.
Threat of 'catastrophic cascade of collisions' must be averted, warn scientists
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
The quiet diplomat: Catherine Ashton - recognised and admired in all the world’s troubled countries, yet ridiculed at home
- 1 Oxford is the least affordable city in the UK, where houses cost 11 times local salaries
- 2 Australian man Rod Sommerville reacts to bite from deadly snake by reaching for cold beer
- 3 North Korea elections: Kim Jong-un wins 100% of the vote
- 4 David Cameron resorts to paying for Facebook fans because not enough people like him
- 5 Steve Irwin’s final words: Cameraman present at death opens up about deadly stingray attack for the first time
iJobs Money & Business
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£55000 - £70000 per annum + benefits: Pro-Recruitment Group: In-House Corporat...
£80000 - £100000 per annum + benefits: Pro-Recruitment Group: In-House Opportu...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...