STRAIGHT, the supplier of recycling containers, has admitted that 2007 was "a poor trading year" but is optimistic that it can turn the corner thanks to a range of new products.

The Leeds-based company was forced to a issue a profits warning last month after revealing that a wet summer following torrential downpours and slow sales would hit its figures.

In a trading update today, the AIM-listed company said turnover for the year to December 31 was £23.6m, down from £27.8m in 2006.

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