Higher profits and revenue gush for Norcros after restructure
Pre-tax profits have risen 12.3% to £22.9m for Cheshire-based bathroom specialist Norcros, which announced the loss of 90 jobs as part of a major restructure two months ago.
Year-end figures to March 31 for the Wilmslow company also show revenue has risen 15% to £271.2m from £235.9m.
Meanwhile, net debt fell to £9.3m from £23.2m and chairman Martin Towers said the listed company had also made good progress towards its strategic objectives and in particular, by achieving underlying ROCE (return on capital employed) of 18.4... 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...
