Blackburn loo roll maker believes worst is past
Blackburn toilet roll maker Accrol believes it has come through the worst and better times beckon, announcing its annual results to April 30 today.
The AIM-listed firm grew sales by £5.5m to £139.7m, but a pre-tax profit of £8.6m last year was wiped out by a £24.1m loss in 2018.
Accrol said its performance was significantly impacted by four major issues: An escalation in internal costs; input cost increases; an inability to agree timely price increases with customers; and adverse foreign exchange rate movements.
A new man... 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...
