News blog

Swallowfield

• BY: Andrew Hore |
• POSTED: 27/06/2013 |

Personal care and household products supplier Swallowfield says that its 2012-13 revenues will be slightly lower than expected. 

In April, Swallowfield warned that revenues were likely to be 4% lower than the forecast at that time and the company expected to break even. Initial cost cutting meant that Swallowfield was profitable in the second half but this was not enough to prevent a full year loss. Cost savings will make a full impact in the current financial year.
Swallowfield is trying to reduce its dependence on a limited number of customers but the new customers are yet to contribute.

Full year figures will be published on 19 September.

At 86p a share, Swallowfield is valued at £9.72m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJune2013_45.pdf