Grandchild number two for Brian Rice! |
Added to grandson Charlie, Dial-a-Cab Chairman Brian Rice
and wife Brenda now have a granddaughter added to the family! |
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Manganese aims to be in profit again this year |
Manganese
Bronze Holdings have posted a smaller loss for
2010 reporting a pre-tax loss of £6.3million. That compares to a 2009
loss of £7.3million. In addition, Manganese said that via their London Taxi Company, their share of
the market has increased from 75% up to 82% since this year’s launch of
the two new TX4 models – the Style and the Elegance –
although through difficult trading conditions and a small drop in new
vehicle sales, MBH still saw its overall turnover drop 4.8% to
£69.6million with their net debt increasing from £5.1million to £14.4
million. With a substantial amount of restructuring, including many parts now being manufactured at their Shanghai facility with Geely and their agreement with Azerbaijan for a deal worth $27 million, the company say that 2011 should see a return to profit. Chief Executive John Russell said: "The group is well positioned to return to profitability in 2011 and make further progress with joint initiatives with Geely." |
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