Newspaper article from our research archive:
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Bottom Line: De La Rue still hot on the paper trail
- Article from:
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The Independent - London
- Article date:
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June 1, 1994
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Copyright informationCopyright 1994 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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De La Rue may have been frustrated in its takeover ambitions but
its own business remains in robust health. The banknote printer
yesterday reported a 20 per cent rise in annual pre-tax profits to
pounds 123.7m. Earnings growth, as measured by FRS3, was even
better at almost 29 per cent.
Printing banknotes, cheques and passports throws off more cash
than De La Rue knows what to do with. Its net cash inflow in the
year to end March was pounds 95m before financing, taking its
cashpile to close to pounds 270m. To put this in perspective, this
is getting on for half the group's annual sales of pounds 587m.
Little wonder, then, that Jeremy Marshall, chief executive, is
looking to do something more ...
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