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02Aug91 UK: ASHTEAD'S PRETAX PROFITS FOR YEAR FALL BY NEARLY HALF TO £4 MILLION.

Pre-tax profits at listed plant hirer Ashtead fell last year to £4 million from £7.8 million the previous year. Turnover rose to £31.4 million from £29.4 million.Chairman Peter Lewis attributed the rise in turnover - despite hire rates lower by 20 per cent in some sectors - to aggressive marketing, which increased Ashtead's market share.He believes that the market has stabilised since February but declined to predict when any upturn would arrive.Following Ashtead's ...

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