Paint company’s profits plummet after big retailer delists its products
Lancashire-based Crown Paints is putting a brave face on profits, which have tumbled by 32% to £15.85m in a year that saw some of its ranges delisted by a “major UK retailer”.
Revenue for the manufacturer of paints, varnishes, similar coatings and sealants, which is based in Darwen, near Blackburn also tumbled nearly 7% from £187.75m last year to £173.82m this year to December 31, 2016.
Directors of the company, part of Hempel Group, also blamed the economic uncertainty caused by last year’s Brexit vote for the dip in i... 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...