Play‐safe Lamson looks good

The Lamson Industries performance in 1970 was not entirely satisfactory, at least from its own viewpoint, in as much as the healthy surge in sales was not matched by an improvement in pre‐tax profits. The second half‐year did not come up to expectations; turnover increased by 206% but pre‐tax profit went up by only 12·9% from £5·4 million to £6·1 million.