Eurocell swings to loss as restructuring sees branches close and jobs cut

Eurocell has swung to a first-half loss after the Derbyshire building products manufacturer launched a major restructuring programme involving branch closures and job cuts.

The Alfreton-headquartered group reported a statutory pre-tax loss of £1.4m for the six months to June 30, compared with a £3.8m profit during the same period last year.

The loss came despite revenues increasing 6% from £193.2m to £205.2m and adjusted operating profit rising 10... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...