Profits fall at building supplies firm
Building supplies firm, Marshalls, said it is ‘accelerating action’ to reduce costs and beef up its growth strategy amid falling profits.
In the six months to June 30, adjusted profit before tax was down 17% to £22m, while turnover nudged up 4% to £319.5m.
The Elland-based company said it was taking decisive action to accelerate the optimisation of the national manufacturing network and reduce costs while continuing to deliver on its landscaping products performance improvement plan.
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