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February 15, 1989

DE LA RUE OPERATES A SIGNIFICANT LOSS

By CBR Staff Writer

Those Printrak orders that De La Rue Plc has been trumpeting (CI Nos 1,113, 1114) have not been enough to prevent the business operating at a significant loss – so much so that there is talk of it being sold: De La Rue shocked the market on Tuesday by warning that group profits for the year to March will be very substantially lower than the UKP62.4m pre-tax it recorded last year, which banged the shares 65 pence to 392 pence and make the company, where Carlo de Benedetti with 4.9% and Robert Maxwell with 15% are looming too large for comfort on its shareholder register, an out-and-out takeover play.

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