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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.
欧洲之外市场的运输比去年增长12%，主要是因为经济情况不在我们控制之内。
Operating costs, we are pleased to report, were two per cent lower than in the previous year, due mainly to reduced employment costs,
我们很高兴的告诉大家，运营成本比去年降低2%，主要是因为雇工成本减少了，
as the workforce was cut from fifty-two thousand to fifty thousand.
员工从52000人减少到了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，我们的出口贸易遇到困难。
The main culprit here has been the strong pound, which has reduced profits by approximately five hundred million pounds.
罪魁祸首是强劲的英镑将利润减少了约五亿英镑。
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，我们占股51%的德国不锈钢子公司S. B. Steel继续受到销售价格低迷的不良影响。
Then Huntingdon's, our twenty-five-per-cent-owned joint venture in the USA, encountered technical problems during the year,
我们占股25%的美国合资公司Huntingdon's今年遭遇了技术问题，
which mean that it is unlikely to resume operating at capacity again until late this year.
这意味着要到今年年末它才能恢复最大功率的运营。
