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Posted 15/09/11 09:13
Norish plc
Interim results 2011
Results
Norish plc announces pre-tax profits of £186,000 for the six months ended 30 June 2011. This compares with pre-tax profits of £208,000 for the same period last year. Turnover from continuing operations increased by 7% to £5,338,000.Earnings per share decreased to 1.8p, compared to 2.1p for the same period last year.
Our cold store business performed better than the first half of last year, primarily due to increased turnover. However, the business suffered from increased power costs and an increase in labour intensive handling activities for some of our customers.
Our ambient site at York did not perform as well as the same period last year due to an across the board fall off in stock holding and throughput which we expect to correct to some degree in the second half of the year.