Out of the red

20th February 1998 at 00:00
Exam giant City Guilds has moved back into profit after falling into the red last year.

The board reported a Pounds 3.8 million surplus for the year ending September 30, turning round a 1996 deficit of more than Pounds 3m. Chairman Paul Wates said income had grown by 13 per cent, mainly due to increased demand for national vocational qualifications.

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