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ERF down 12 per cent

10th January 1975, Page 19
10th January 1975
Page 19
Page 19, 10th January 1975 — ERF down 12 per cent
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DESPITE 32 per cent higher sales in the half year ended October 12 . last, net profits before tax for ERF Holdings Ltd at £377,000 were 12 per cent lower than in the previous six months. An interim statement to shareholders says that the group trading profit reduction was wholly due to a deficit in the South African subsidiary. Trading profits in the UK were 18.5 per cent up.