Return to profits for home safety products firm
Coventry home safety products supplier, Sprue Aegis has seen a dramatic turnaround in its fortunes with a return to half year profitability for the first six months of 2017.
The company, which supplies smoke alarms and other products, has reported adjusted operating profit of £1.5m (H1 2016: operating loss of £0.9m). This was achieved through a significant improvement in gross margin and a net reduction in overheads, delivered against a backdrop of flat sales. However, revenue was fl;at at £26m (H1 2016: £25.9m).
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