AIM-listed consumer professional services company Fairpoint Group has seen its 2016 profits halve to less than £5m, and says 2017 will be "a year of transition".
It has announced expected pre-tax profits of £4.9m (2015: £10.5m) on revenue of £52.9m (2015: £54.1m) for the year to the end of December 2016.
Net debt at the end of 2016 was £19.9m (2015: £13.6m), after £3.2m of acquisition related payments.
The Lancashire company said management had taken action to improve cash flow, working capital and reduce costs and ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
