PxPixel
Turnover and profits increase at Tandem Group PLC - BikeBiz

Turnover and profits increase at Tandem Group PLC

For the year ending 31st Jan, the owner of Dawes and Falcon has reported a 58 percent hike in profits on a 22 percent rise in turnover
Author:
Publish date:

The profit on ordinary activities before interest and taxation increased to £1.225m up from a restated £777 000 previously, on turnover of £35.32m up from £26.5m earlier.

Oprofit in the last six months of the financial year increased by 111 percent from the previous year to £1.101m.

The results of Dawes acquired in June 2001 have been included in the group financial

statements from that date.

And Tandem said its results for the first quarter of 2002 should show further improvements over the same period last year.

Chairman Graham Waldron said: "The continuing progress of Falcon and the successful integration of our four acquisitions since September 2000 have transformed the group."

Tandem said production of Dawes models has increased in April and that reduced fixed costs

will help operating results to be maintained.

Featured Jobs

the cycle hub

Showroom Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Tuesday 26th June 2018

Giant St Paul Logo

Bike Fitter / Sales Person

Giant St Pauls I City of London I Salary: Negotiable Dependent on Experience I Date Published Thursday 21st June 2018

CRC_Logo_620x349-1

Bike Technician

Chain Reaction Cycles I Ballyclare I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018

Canyon_Logo_1(1)

Brand Content Writer

Canyon Bicycles GmbH I Koblenz, Germany I Salary: Up to €38,000 I Date Published Tuesday 3rd July 2018

CRC_Logo_620x349-1

Retail Sales Advisor

Chain Reaction Cycles I Belfast I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018