Allied Textiles’ performance has been hampered by a fall in earnings from property sales. Full-year pre-tax profits sunk 2.5% to £18.4m. Flat sales in Britain of £103m were offset by a 15% rise in overseas turnover to £126m. Property profits fell from £2.4m to £800,000. It said the property portfolio was only being sold when good price could be found.
- The Daily Telegraph 17/01/97 page 31
- The Times 17/01/97 page 28
- Financial Times 17/01/97 page 24
