Manufacturer looks for green light on return to profitability
LED lighting group Luceco expects to return to profit in the second half of this year after putting a turnaround plan in place.
The Telford-based manufacturer is seeing positive signs despite "fragile" consumer confidence, with a 30% increase in its UK retail order book for the third quarter.
However it recorded a £4.4m pre-tax loss in the first half of 2018 - a £10m drop from a year earlier - although revenues were only down a fraction, to £75.1m.
Luceco's chief executive John Hornby acknowledged "a disappointing financia... 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...
