Investments dent Galaxy Optical's profits
8th August 2012
GALAXY Optical Services, the North West supplier and partner to retail giant Tesco's opticians business, saw its profits drop after investing in systems and new staff.The Altrincham-based company described the results for the year to the end of November 2011 as satisfactory and "in line with forecast" as profits fell from £2.4m to £1.3m. Turnover was flat at £40.8m.While gross profitd were slightly up on 2010 to £8.6m, a £1.4m increase in adminstrative expenses to £7.4m hit the bottom line. Accou......for the full story register now for free or login below...
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