LONDON (Thomson Financial) - Engineering and leisure company CH Bailey PLC
narrowed its full-year pretax loss on higher income from investment and said
that it is confident that the improvement achieved in the last financial year
will be sustained in this current year.
The company posted a pretax loss of 656,845 stg for the year to March 31,
2007 against a loss of 1.37 mln stg a year earlier. Turnover rose to 12.74 mln
stg from 11.33 mln a year ago while investment activities and other income
increased to 468,795 stg from 31,140 stg.
CH Bailey said its underlying trends are good, with increased turnover and
margins, despite the loss for the year.
"The trading performance of all our businesses continues to improve and the
group will endeavour to achieve further growth and increased efficiencies, to
better the overall results," chairman Charles Bailey said.
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