NMB- Heller Ltd have today released their annual accounts for the year ended 31 December 2001. Pre-taxation profits have risen by 11.05% from Ј6.306m to Ј7.003m. This represents a second year of growing profit for the company as pre-taxation profits rose by 14.6% year on year in the previous period after a fall of 8.3% in 1999.
Turnover, however, has fallen by 6.68% from Ј37.433m to Ј34.932m, but the profit margin (the ratio of profit to turnover) is at its highest level in over five years.
The second note to the accounts provides the following breakdown of turnover:
“Turnover represents service charges, discounting and other income, net of VAT. The turnover and operating profit attributable to each identified business segment are as follows:
