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

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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

URL: https://globalcement.com/news/item/10433-langley-holdings-2019-profit-falls-by-42-year-on-year

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