Tough retail market dents Ultimate's profits
2nd December 2011
ULTIMATE Products has announced as 40% drop in earnings to £4.1m in the 12 months to July 31 (2010: £6.8m) as sales fell slightly to £77.9m (£78.3m).The Oldham-based company, which sources branded products for retailers, said that its results reflected the increasingly challenging nature of the UK retail market.The company designs, sources and supplies around 5,000 products for major multiple retailers including Argos and Tesco. Chief executive officer Simon Showman said: "Last year was a challenging p......for the full story register now for free or login below...
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