Turnaround plan turns off warning light at manufacturer
A lighting manufacturer's turnaround plan is having the desired effect, with margins restored and net debt reduced after a difficult period for the group.
Telford-based Luceco, which is listed on the London stock exchange, had delivered “a disappointing financial performance” in the first half of the year caused by challenging sales, pressure on margins and unfavourable exchange rates.
However the second half of 2018 showed "good progress", the company said, and the group expects its operating profits to meet market expectat... 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...
