Alliance Trade Finance, the speciality trade finance provider, today released their annual accounts for the year ended 31 July 2001. The accounts show that turnover has risen by 10.7% from Ј30.36m in the year ended 31 July 2000 to Ј33.61m. A loss before tax of Ј44,107 was recorded which compares with a profit of Ј309,201 in the previous year.
The Managing Director of Alliance Trade Finance, Bernadine Calleja, was optimistic with regard to the coming year and pleased with the company performance during the period. “We knew we would need a year of consolidation,” she said. “We invested a lot in five new senior managers, infrastructure, computer systems and marketing and that is reflected in the results. With the year of consolidations behind us though we’ll be seeing a more profitable year in the next accounts and we’re already on target for growth.”
The following geographical breakdown of turnover was provided in the notes to the accounts.
