UK: Slimma Posts Dip In H1 Earnings
Women's fashion producer Slimma Plc has posted a slight fall in first half pre-tax profits to £850,000 from £930,000 in the year-ago period, but said it is confident about growth during the second half.
The Staffordshire-based firm said in a statement that turnover for the 26 weeks ended March 29, climbed to £15.6 million from £12m last year and all of its divisions were profitable. It added branded sales now account for nearly 70 per cent of its turnover.
Commenting on the results, Slimma chairman Alan Webb said: "The business continues to develop strong focused management teams across its divisions. This coupled with significant design, fabric sourcing and offshore manufacturing intellect will play a vital part in our drive for significant growth in the future."
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