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| LTI lose £600,000 in first six months of 2009 http://taxi-driver.co.uk/phpBB2/viewtopic.php?f=2&t=11921 |
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| Author: | Sussex [ Wed Jul 29, 2009 4:26 pm ] |
| Post subject: | LTI lose £600,000 in first six months of 2009 |
Loss for black cab manufacturer The maker of the black taxi cab, Manganese Bronze, has reported a half-year loss, but says that international sales will help to lead a turnaround. The company said it made a pre-tax loss of £0.6m in the first six months of the year, compared with a profit of £1.5m a year earlier. It said the recession had hit UK sales but it expected significant international sales later this year. The firm has a joint venture to build the iconic cars in China. The venture with Geely will make 8,000 cabs for China and other overseas markets. Chief executive John Russell said this would provide the platform for future profits, with the very first export order already on its way to the Middle East. "Prospects are very encouraging," he told the BBC. "We're confident that our export sales will match our UK sales in the second half." In the UK, he said that taxi drivers were not committing to buying new vehicles because of the recession. |
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| Author: | skippy41 [ Wed Jul 29, 2009 4:39 pm ] |
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Quote: Chief executive John Russell said this would provide the platform for future profits, with the very first export order already on its way to the Middle East.
When did the UK government lift the arms embargo 
The rag heads will have field day by driving and instant combustable bomb 
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| Author: | Darren63 [ Wed Jul 29, 2009 8:06 pm ] |
| Post subject: | Re: LTI lose £600,000 in first six months of 2009 |
Sussex wrote: In the UK, he said that taxi drivers were not committing to buying new vehicles because of the recession. There are atleast a dozen 09 plates in Plymouth, I actually drive 1, find a new "issue" on it every day. 
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| Author: | GBC [ Fri Jul 31, 2009 11:45 am ] |
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There's hundreds in London. I'll probably have a '10' plate, or whichever format they are going to use to fit 2010 onto an index plate? Whether it will have an LTI (Or is it LTC now?) badge on the front is another question. 
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| Author: | wannabeeahack [ Fri Jul 31, 2009 12:14 pm ] |
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clever accounting can make a profit look like a loss and cancel any tax payments, write-downs, set-asides, blah blah blah, didnt that butchers shop chain avoid tax for 25 years?... |
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| Author: | toots [ Fri Jul 31, 2009 12:28 pm ] |
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Quote: In the UK, he said that taxi drivers were not committing to buying new vehicles because of the recession.
It couldn't be because there is more choice available now for drivers
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| Author: | wannabeeahack [ Fri Jul 31, 2009 12:35 pm ] |
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toots wrote: Quote: In the UK, he said that taxi drivers were not committing to buying new vehicles because of the recession. It couldn't be because there is more choice available now for drivers or theyve jacked in, or moved to spain, or bought a proper car... |
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