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【正文】 in/ caused) ? C: Operating margins increased as a result of … (due to/ owing to) ? D: Trading profit fell … due to … (as a result of/ owing to) Speaking ? Work in pairs. Your pany has a large cash surplus and wants to invest in shares. Look at the information about Ramsden Breweries plc and Bute Chemicals plc. Which pany would you invest in? ? Brewery: 啤酒廠,釀酒廠 ? Earnings per share = profit after tax number of ordinary shares in issue Writing P86 Suggested answer Ramsden Breweries and Bute Chemicals: Investment Potential ? Introduction This report aims to assess which pany, either Ramsden Breweries or Bute Chemicals, this pany should invest in. ? Ramsden The pany had mixed results last year。 although turnover increased by approximately 25%, profit rose by less than 4%. However, restructuring may be able to elimintate these inefficiencies and expected growth in the drinks industry suggests opportunities for increased profits. ? Bute Results were disppointing, with turnover and profit both falling slightly. Nevertheless, the pany managed to increase its dividend to shareholders. The rumoured merger seems likely to push up the share price considerably. ? Conclusion Despite the merger rumors, any investment in Bute Chemicals would involve a risk. Ramsden, on the other hand, despite its present inefficiency, is still profitable and has definite potential for further growth. ? Remendation We would remend investment in Ramsden Breweries
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