Manufacturer records losses despite ‘significant progress’
Autins Group fell into the red but believes changed at the manufacturer leave it well-placed for a more successful 2019.
Its new chief executive Gareth Kaminski-Cook, who joined on October 1, put a positive spin on its results arguing "whilst the financial performance was unsatisfactory, the strategic progress was very positive."
Autins, which makes acoustic and thermal insulation products for the automotive industry, made a pre-tax loss of £1.4m in the year to September 2018.
The £1.8m reversal was despite a £2.8m inc... 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...
