De La Rue
Article Abstract:
De La Rue has been faced with a drop in printing prices for bank notes of 11% and a dropin profit of 17 million pounds sterling for 1995 to 1996. Volumes dropped by 4.4% in this year despite a recovery in the 2nd half. Reorganization costs amounted to 20.9 million pounds sterling. A printing plant in Hong Kong has been sold for 20.2 million pounds. The transaction systems division has not reaped all the benefits from investments that have been made. The group's investments should help boost its performance over the long term.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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De la Rue: recovery road
Article Abstract:
De La Rue is a UK paper and printing concern which saw a drop in its share price in 1995 following a profit warning. The company acquired Portals which is contributing to profits. De La Rue produces bank note, and this market is growing at an annual rate of 4%. Papermaking and production of bank notes has been integrated and this should help the company increase orders through allowing for improvements in technology to combat forgery. The company's sahres are recommended for investors in Jan 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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De La Rue
Article Abstract:
De La Rue is a UK company involved in security printing such as bank notes, in addition to payment systems. The company paid too much for Portals which was acquired for 630 million pounds sterling. Margins have dropped in the group's core businesses. The company's profit is forecast at 145 million pounds sterling by Henderson Croshwaite, a downward revision from a previous forecast of 172 million pounds. Investors are recommended to sell shares in this company in Nov 1995.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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