Fleet News

Toad jumps back into operating profit

CAR alarms and audio group Toad has moved into profit for the first time since its shares began trading on the Stock Exchange four years ago. It returned an operating profit of £890,000 for the six months to the end of September, compared to a £1.12 million loss for the same period last year. Turnover increased to £17 million (1997: £2.88 million).

Major initiatives launched during the year include a tie-up with Autoglass, the audio and security equipment replacement firm, to offer a one-stop shop to crime-hit fleet customers and a new alarm supply deal to motorcycle manufacturer Kawasaki.

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