Archive : BMC double trading gains

Carole Nash Classic Insurance Specialists

B.M.C. Double Trading Gains

Boom conditions in the motor industry are reflected in the accounts of Britain’s biggest car maker, the British Motor Corporation.  Trading profits more than doubled to £21,970,470 in the year to the end of last July. This compares with £10,083,043 a year earlier. That the board, headed by Mr George Harriman, are maintaining the dividend total at 1s. on each Ss. share, will not however occasion surprise in the City as the payment was less than half covered by earnings last year. The balance was met out of accumulated reserves.

Record production of 748,470 vehicles in the company’s financial year was announced at the beginning of August. Cheerful results had been expected in market quarters and the shares rose yesterday by 8-25d. to a new 1963 peak of 18s. 18-25d.

Keith Adams

Keith Adams

Editor and creator AROnline at AROnline
Created in 2001 and built it up to become the world's foremost reference source for all things BMC, Leyland and Rover Group, before renaming it AROnline in 2007.

Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...

Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.
Keith Adams

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