Double Glazing Company Bucks Economic Trend
Heartwarming news for all, and not just those involved in the replacement windows and double glazing markets, a company involved in the manufacture of windows, doors, and conservatories, which reported profits of just £53,500 in its previous accounts, has just announced a profit of £253,000, that’s a 500 per cent rise over an 18 month period.
The turnaround seems to have been made possible by a reduction in the salary of its highest-paid director from £199,000 to £157,000, and a withdrawal of dividend payouts for the year March 2007 to March 2008 with all profits being transferred to the Company’s reserves.
There are two messages here, I think:
1) All is not doom and gloom
2) Those high salaries are still in existence!
Tags: credit crunch