LONDON (Thomson Financial) - CH Bailey PLC reported a wider first-half
pretax loss but said there are encouraging signs within the group, and it is
continually looking to reduce costs to achieve greater efficiencies and better
margins.
The engineering and leisure company posted a pretax loss of 861,194 stg for
the six months to Sept 30, compared with a loss of 464,728 stg the previous
year, on revenues of about 5.22 mln stg, down from about 5.51 mln.
With its hotel development in Tanzania now completed, Bailey said it expects
to see further increases in revenues and believes the contributions will help
the group move forward and improve its bottom line.
TFN.newsdesk@thomson.com
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