Profits are set to double at vacuum cleaner group Dyson.
The Wiltshire-based company has announced it expects to report pre-tax profits of £40m for 2003, up £21.7m on last year.
It says the sharp increase on 2002’s £18.3m figure has been driven by a strong growth in worldwide sales.
Dyson, which now also makes washing machines, estimates that its global 2003 turnover will come in at £275m.
The company’s pre-tax profit leap has also been helped by its controversial decision to export production to Malaysia, firstly its vacuum cleaners in 2002, and the washing machines back in August.
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