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Those cost savings of £9m........

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JohnDuffield - Thu, 27 Dec 01 :

I read the "Determined action has been taken to reduce our cost base across the business" on page 1 to mean what it says - across the business rather than at any one site. Can I draw your attention to these halfyear figures:

....................2001....2000....Difference
Turnover............£462m...£449m
Cost of Sales.......£323m...£296m...£27m
Debt................£195m...£223m..-£28m
Tax.................£2.4m...£5.3m
Reported Profit....-£1.4m...£10.9m
Dividend Paid.......£nil....£10.1m
Share price.........14p.....60p

That £9m cost saving could make a big difference.


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