Banks profits fall by 25% to 3.07m

17 July 1998

Banks profits fall by 25% to £3.07m

A POOR 1997 UK cereal harvest lowered annual profits at agricultural merchants Sydney C Banks by 25% to £3.07m.

The company also blamed the drop in farming confidence and incomes and fluctuations in the Pound/Deutschmark exchange rate.

• Financial Times 16/07/98 page 33
  
• The Independent 17/07/98 page 21