On a turnover of £52.4m in 1999 Raleigh made a pre-tax loss of £4.2m. In the previous year, losses had been kept under £1m.
In 1997 Raleigh made a pre-tax profit of nearly £4m on a turnover of £69m.
Heres the raw data (in millions):
1999 1998 1997 1996
Turnover 52,430 51,915 68,916 71,500
Cost of Sales 55,243 52,392 64,619 69,514
Gross Profit (2,813) (477) 4,297 1,986
Operating Profit (3,784) (477) 4,297 1,986
Interest Payable 453 670 969 965
Pre-tax Profit (4,237) (992) 3,551 1,057
Taxation (947) (389) 1,257 419
Profit After Tax
Dividends Payable 0 0 2,294 568
Retained Profit (3,290) (603) 0 70
PS
Raleighs company report also throws up the fact that Gary Matthews, CEO of the Derby Cycle Corporation, was made a director of Raleigh Industries Ltd. on 10th August 2000.
PPS
This is the kind of news story that will make it on to BBC before it goes on the main site in a beefed-up version.
Cycling UK has responded to the government's crackdown on cycle offences, describing the decision as…
Adaptive DCS is calling on the cycling community to keep its eyes peeled for a…
Fidlock is continuing to grow and expand its presence in North America. The company has…
The BikeBiz jobs board helped filled more than 720 positions in 2023, and listings are…
Specialized has chosen the launch of the new SRAM Red AXS as a platform to…
SRAM has unveiled a completely redesigned Red groupset with fully wireless connectivity and expanded gearing…