27 January 2025 - interim results
The AIM listed plastic products group has announced disappointing interim results as expected. In the six months to 31 October, revenues fell to £15.8m (2023: £17.2m) with the group reporting an underlying pre-tax loss of £0.4m (2023: profit of £1.2m). The group reported tough trading conditions as previously notified with lower orders received from core customers during the period. There were also issues with new machines and tooling which also adversely affected the results. These issues have now been resolved though whilst management changes should also prove beneficial. Trading conditions . . .
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