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News Langley Holdings 2019 profit falls by 42% year-on-year

Langley Holdings 2019 profit falls by 42% year-on-year

Written by Global Cement staff 11 February 2020
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UK: Langley Holdings recorded a 42% year-on-year fall in profit in 2019 to Euro59.9m from Euro103m in 2018. There was a 3.3% decline in sales year-on-year to Euro820m from Euro848m. The company attributed its profit drop to its Marelli Motori acquisition and reorganisation of the Italy-based motor and generator producer. Langley Holdings Chairman Tony Langley said, “The group is now poised for the next phase of its development.”

Last modified on 12 February 2020
Published in Global Cement News
Tagged under
  • UK
  • Langley Holdings
  • Results
  • Profit
  • Sales
  • Italy
  • Marelli Motori
  • Motor
  • generator
  • Supplier
  • Acquisition
  • restructuring
  • GCW442
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