UK: Slimma Suffers H1 Profit Slide, Sales Up
Women's clothing maker Slimma Plc on Thursday posted a sharp fall in first half pre-tax profit to £320,000 from £852,000 in the year-ago period and warned its full year figures will also disappoint.
The company cited the £350,000 cost of reorganising its UK manufacturing base as the main reason for the profit slide as sales edged up to £16.2 million from £15.6m in the six month period of the year prior.
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