Board of Trade Survey Shows Risa in Company Profits 4

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Company profits are again on an upward trend says the latest B, of T, survey. 4 It is based on the accounts of 613 companies received in the 2nd quarter of this year and covering accounting years ending between April, 1962 and March last, Gross trading profits were 3# higher than a year earlier, compared with declines of 4% shown by companies reporting in the lst quarter and 10% for those roporting in the final period of last year, On average the companies now antlysed are larger than usual. They include I,C.I, and Unilever and thus overrepresent the chemical industry. Of the 22 groups for which separate figures are given, 14 showed profits within 5p of the previous year, Vehicles reported a substantial rise and increases were recorded for electrical ongineering, «onctruction and tobacco companies,