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Aga blames tough year for profit fall

12th March 2010

ICONIC cooker manufacturer Aga Rangemaster has seen a major drop in profits in what it describes as “an extremely tough year” for its core product.The Solihull-based company saw pre-tax profits for last year fall from £14.4m in 2008 to £0.5m, with basic earnings per share dropping from 14.4p to just 2.5p.Revenue fell from £279.4m in 2008 to £245m last year, with sales down 18.8% in the first half of last year before levelling out to give an overall decline of 12.3%, indicating the poor state of t......for the full story register now for free or login below...

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