Profits set to double at home safety products supplier
Home safety product supplier Sprue is forecasting improved full year profits after undergoing what it describes as a pivotal year.
In a trading update for the year ended December 31, 2017, the Coventry-based firm said operating profit was expected to be in line with market expectations at approximately £4.5m (2016: £2.1m).
It said it had been helped by a significant improvement in gross margin and pro-active management of the cost base on expected sales of £54.3m (2016: £57.1m).
The group said 2017 had been a strategicall... 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...
