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August 21, 1988

RODIME REPORTS TURNOVER FOR THE QUARTER UNCHANGED

By CBR Staff Writer

Commenting on the company’s sluggish third quarter figures, management at Scottish Winchester manufacturer Rodime Plc of Glenrothes, Fife says that despite the availability of manufacturing capacity, turnover of $29.9m in the quarter was virtually unchanged from the previous year (see Company Results, P3); a spokesman claimed this was well below expectations and blamed a shortage of components for restricted production: the company is also experiencing problems at its low cost manufacturing centre in Singapore, where it has had to support a number of long term, low price contracts at a time when it has yet to reach necessary output levels, thus depressing margins.

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