Optare on track to turn a profit later this year

摘要

UK - Under the management of Jim Sumner, CEO of Optare plc, the company turnaround is headed in the right direction and, according to Sumner, an operational profit will be achieved by the end of the year. Most, if not all, of the objectives for the company set out by Sumner two years ago have been, or soon will be, achieved, Sumner announced at a preview meeting of the new factory and new headquarters in Sherburn in Elmet, last month. Sumner Set out three key objectives at the beginning of his term, these were: to achieve an operational move from Leeds to a new factory; to get rid of its long-term debt and to develop synergies with its partner and largest shareholder, Indian commercial vehicle manufacturing giant, Ashok Leyland.