First half sales up 16% at Manganese Bronze

FIRST half revenues have improved 16% at black cab manufacturer Manganese Bronze but the firm has warned trading conditions in the UK, especially outside London are likely to remain tough.

Nevertheless, the Coventry firm has said it is optimistic it will return to profitability during the second half.

The firm saw H1 revenue rise from £33.4m to £38.7m, while it managed to reduce a £1m operating loss this time last year by almost 80% to £0.2m.

Pre-tax losses declined almost 85% from £4.9m ... 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...