|★ PEOPLES ★ Amstrad profits reach record level of £20m ★|
|Amstrad Profits Reach Record Level (Popular Computing Weekly)|
Its pre-tax profits of £20.1m showed an increase of 122% over previous year, while turnover at £136.1 million was up 60%. Amstrad's business is concerned with audio units, colour televisions and computer hardware. software and peripherals. Computers accounted for 66% of its sales, this year, as opposed to 4% the previous year. Amstrad micros sold particularly well overseas, notably in France and Germany.
The results mean that Amstrad's chairman, Alan Sugar, who owns 50.2% of the company is now worth £64 million - Amstrad's shares hit a record level of 134p at the announcement of the figures.
Alan Sugar, Amstrad's chairman >>
"CD Roms are definitely the thing for the future but not the sort of future Amstrad is concerned with at the moment. As usual with Amstrad, we'll announce it when we've got it," said Amsoft's head William Poel.PopularComputingWeekly851010