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Record Money; Hire firm feeling low.

A slump in the building industry was blamed yesterday for profits falling by a quarter at a Scots plant hire firm.

Hewden Stuart made just pounds 14.7million for the first half of the year, down from pounds 19.7million in the same period last year.

But chairman Sandy Findlay said they were optimistic for the future.

He said: "Present indications are that the decline has now levelled off and trading may improve."

He also said that hard-pressed construction firms will be forced to hire more equipment, which will mean a boost in income.
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Publication:Daily Record (Glasgow, Scotland)
Date:Oct 3, 1996
Words:94
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