Lancashire tissue maker sounds warning over losses
Troubled Lancashire toilet roll manufacturer Accrol Group has warned it is on course to make a post-tax loss of £13m, as it grapples with soaring costs and restructures its management.
Trading in the Blackburn company's shares was suspended late in 2017, before being readmitted to the AIM in January following an £18m share placing and it now says it is carrying out “constructive discussions” with its bank on headroom and resetting covenants.
EBITDA for the year to end on April 30 is now expected to be in the region of ... 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...
