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

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