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Swallowfield

  • BY: Andrew Hore |
  • POSTED: 15/11/2012 |

Shares in personal care and household products supplier Swallowfield slumped 14% to 101.5p because difficult trading conditions mean that turnover and earnings will be significantly lower this year.

Customers are taking work back in-house and Swallowfield has needed to win new customers to try to cover the shortfall.

In the first half of last year, revenues were £31.5m and pre-tax profit was £701,000.

Swallowfield has cut costs and there will be expenses related to this in the first half. The benefits will come through in the second half and this will be combined with new customer wins.

Swallowfield is valued at £11.5m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2012_38.pdf

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