Metropolitan Factors Ltd have today released their accounts for the seven month period ended July 2001.
Turnover for the period was recorded at Ј1,237,976, which compares with Ј1,968,601 in the previous period (the year ended 31 December 2000) and profit before tax was recorded at Ј324,573, which compares with Ј483,775 in the previous period. This means that Metropolitan’s profit margin- the ratio of profit before tax to turnover- has risen from 24.64% to 26.22%.
These figures work out, on a pro rata basis, at Ј176,853 turnover per month in 2001, which compares to Ј164,050 turnover per month in 2000 and Ј46,366 profit before tax per month in 2001, which compares with Ј40,315 profit before tax per month in 2000.
