Christiani & Nielsen recorded a 42% hike in group turnover to £115m in 1998 despite its Far Eastern business losing an estimated £60m in turnover and potential sales as a result of Asian flu.
Pre-tax profit rose almost a third from £1.8m to £2.6m for the 12 months to 31 December 1998 but managing director Alan Crane said he expected group profit to level off this year. "We intend to consolidate because I don't think you can expect to sustain this rate of growth," he said. "However, we expect net profit to grow by between 15% and 20% the following year."
