2. 外语
  3. Look at the statements below and the five extracts from company reports on the opposite page. Which extract(A, B, C, D or E)does

Look at the statements below and the five extracts from company reports on the opposite page. Which extract(A, B, C, D or E)does

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问题 Look at the statements below and the five extracts from company reports on the opposite page.
Which extract(A, B, C, D or E)does each statement(1-8)refer to?
For each statement(1-8), mark one letter(A, B, C, D or E)on your Answer Sheet.
You will need to use some of these letters more than once.
A
COLEMAN’S
As was widely reported, we closely examined the possibility of merging with a food-distribution business during the year. However, whilst the strategic rationale for combination was sound, it became clear that it would not be in our shareholders’ best interests to proceed with the deal, with its risk of increasing debt. Instead, we intend to concentrate on our core activity. Nevertheless, the market within which we operate is fiercely competitive, and the advent of new entrants is creating market conditions in which continued earnings growth will become increasingly challenging.
B
SHERIFF
This is a momentous period for the pharmaceutical industry. Against the background of scientific and economic change, we are seeing inevitable further consolidation of what remains one of the most fragmented of the great global industries. Sheriff will not shrink from participating in this process if circumstances necessitate such action in the interests of future success. However, today, the overwhelming preoccupation of your Board, executive management and staff is with the job at hand, which is to grow the business and deliver the promises we have made in terms of turning around our losses of recent years.
C
BVL
Profit before taxation was ￡20m, in comparison with the ￡32m achieved in the previous year. This disappointing result includes a provision of ￡26m on one project, due to costs exceeding the guaranteed maximum price quoted to the client. One result is that the Construction Division has been set targets to increase the level of partnering and fee work. Turnover, already stagnant, may decline, but profits are expected to recover. In addition, improvements will be made to the control processes relating to tendering, and to the quality of project management.
D
MARTIN’S
Martin’s has developed a distinctive retail format based on convenient locations for the shopper. Last year’s merger of Martin’s and Hoyle has provided us with the opportunity to build on our leadership in this neighbourhood retail market. Building awareness of the Martin’s brand continues, and its visibility and familiarity will grow as we convert Hoyle stores into Martin’s operations. In line with our vision, we aim to set the pace in developing new shopping services and channels such as home and office shopping.
E
TAYLOR’S
Despite a downturn in consumer confidence during the period, we continued to experience positive like-for-like sales growth for the financial year, unlike many others in our peer group. Encroachment by our new openings on 38 of our established restaurants had a 3% negative effect on like-for-like sales, but this percentage is certain to be reduced. Since the year-end, our like-for-like sales trend continues to be positive. We have changed a net debt position of ￡ 11.2m this time last year to net cash of ￡ 1.7m this year.
This company has paid off the money it owed.
选项
答案E
解析
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