CYCLONE’S YEAR
High Costs A Problem Only a very high turnover enabled Cyclone Industries, Christchurch manufacturer of fencing, gates and tubular products, to lift its profit to a record £49,366 in its latest year, said the chairman of directors (Mr C. S. Peate) at the annual meeting yesterday. “Most expenses climbed steeply while price increases for price controlled lines lagged behind' and other prices were held firm because of competition.” he said. Group revenue rose £77,085 but expenses rose £57,102, leaving an increased profit before tax of £19,983.
TJiis compared with a revenue rise of £36,090 the year before when expenses only rose £2271. However, said Mr Peate, during the latest year the big advance in turnover meant that executive staff had to be increased and there was a considerable build up of productive staff.
Factory space, added Mr Peate, is still very short and last year caused many inefficiencies. This will not be improved until operations are moved to Maces road where a 30,000 sq. ft. building is being erected.
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Bibliographic details
Press, Volume CIV, Issue 30811, 24 July 1965, Page 22
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171CYCLONE’S YEAR Press, Volume CIV, Issue 30811, 24 July 1965, Page 22
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