26 April 1996

UAs profit maintained

SCOTTISH livestock marts chain United Auctions made an operating profit of just over £1m in the year to the end of January, almost the same as in the previous year.

The firm has been quoted on the alternative investment market since last September and the directors are proposing a final dividend of 4p a share, which takes the annual dividend to 8p (6.67p in the previous year).

But in his statement to shareholders, company chairman John Izat warns that the BSE crisis is bound to have a substantial impact on trading results for the current year. &#42