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Findel's pre-tax losses widen

12th June 2012

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Findel Education's new Tameside base

Findel Education's new Tameside base

RESTRUCTURING costs and writedowns caused pre-tax losses at home shopping group Findel to widen to £12.1m in the year to March 31 (2011: £1.4m loss).The Hyde-based company's turnover also fell slightly to £537.8m (£540.7m), although like-for-like sales discounting the impact of discontinued operations showed a growth of 1%.The company hailed the performance of its Express Gifts business, which grew sales by 8.3% and operating profit by 18.2%. It also said that it made a pre-tax profit before exceptionals of ......for the full story register now for free or login below...


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