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Deliveries to markets outside Europe were twelve percent up on the previous year, largely due to economic conditions outside our control.
歐洲之外市場的運輸比去年增長12%，主要是因為經濟情況不在我們控制之內。
Operating costs, we are pleased to report, were two per cent lower than in the previous year, due mainly to reduced employment costs,
我們很高興的告訴大家，運營成本比去年降低2%，主要是因為雇工成本減少了，
as the workforce was cut from fifty-two thousand to fifty thousand.
員工從52000人減少到了50000人。
Now to the less good news: there have been difficulties with our export trade over the last year.
不好的消息是：去年，我們的出口貿易遇到困難。
The main culprit here has been the strong pound, which has reduced profits by approximately five hundred million pounds.
罪魁禍首是強勁的英鎊將利潤減少了約五億英鎊。
Secondly, S. B. Steel, our fifty-one-per-cent-owned German stainless-steel subsidiary, continued to be badly affected by depressed selling prices.
第二，我們占股51%的德國不銹鋼子公司S. B. Steel繼續受到銷售價格低迷的不良影響。
Then Huntingdon's, our twenty-five-per-cent-owned joint venture in the USA, encountered technical problems during the year,
我們占股25%的美國合資公司Huntingdon's今年遭遇了技術問題，
which mean that it is unlikely to resume operating at capacity again until late this year.
這意味著要到今年年末它才能恢復最大功率的運營。
