Leyland Motors’ preliminary statement, issued yesterday, revealed an increase in group profits of more than £800,000, while the directors are raising the first and final payment on the Ordinary shares from 12-5 per cent. to 15 per cent.
Profits for the year ended September 30 advanced to £6,277,135 from £5,937,646. After allowing for depreciation of £1,261,587 (£1,228,550), profits tax of £490,600 (Â£542,276), and income tax of £2,156,137 (£2,237,982), &c., net profits worked out at £2,685,630, compared with £2,045,745. Credit is taken for tax provisions no longer required of 223,002 (nil).
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.
Latest posts by Keith Adams (see all)
- The cars : MGF and TF development story (PR3) - 2 September 2018
- Concepts and prototypes : MGF during the MGA era (PR3) - 2 September 2018
- Around the World : Overseas operations - 27 August 2018