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The first interim results from Tilbury Douglas since the two contractors merged a year ago show a modest advance in pre-tax profits to £7 million for the year ending June (1991: £6.7 million).But the more meaningful measure of profits for merging companies - earnings per share - fell by 40 per cent and the group did shed 500 jobs during the year.The Reading-based group, which held its dividend, retained cash balances of £4.8 million and slightly increased its order book. ...

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