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02Aug91 UK: RM DOUGLAS REPORTS 11% DECREASE IN PROFITS TO £11.05M FOR YEAR TO 31 MARCH 1991.

By Colin SchaferWest Midlands building and construction group R M Douglas last week reported profits down 11 per cent to £11.05 million in the year to March 31, 1991. Turnover rose 4 per cent to £339 million.Chairman John Douglas said he was pleased with the results, given market conditions, though he warned that the current year was proving even tougher than last.He said: 'Our performance highlights our inherent strengths. Low gearing and effective financial controls make ...

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