Manganese Bronze sees profits fall
17th March 2010
BLACK cab manufacturer Manganese Bronze today reported a deepening of annual losses after the recession severely impacted on the sales of new taxis.The Coventry manufacturer said its operating loss before exceptional items and tax fell to £7m last year, compared with losses of £5.4m in 2008.In the UK it managed to sell just 1,724 vehicles, which compared with 1,951 in 2008. Additional discounts and sales incentives of around 5% represent half the operating loss.Exceptional income stood at £0.8m, which compared wi......for the full story register now for free or login below...



