LONDON (Thomson Financial) - Maypole Group Plc. said its first-half pretax
loss widened as underlying sales fell, hit by a significantly tough period of
trading and the costs of operational changes and investment.
Against the background of adverse economic conditions, the group said it has
performed in line with recent management expectations, and added it has strong
pipeline of potential acquisitions.
The company said its pretax loss for the first-half pretax loss widened to
507,292 pounds from 407,841 pounds, while revenue rose 53 percent to 2.89
million pounds, boosted by acquisitions. Sales on a like for like basis fell by
1 percent compared to the corresponding period.
Since the half year end it has increased like-for-like sales for the eight
weeks to the end of September by 2.13 percent, the company said.
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