A flat housing market and reorganisation costs hit profits at Epwin Group in the first half. The plastic building products manufacturer’s profits tumbled 23% to £2m on sales up 2.8% to £34.3m. Reorganisation cost the company £200,000. Sales in the double-glazing market were static but raw material costs are currently lower than the high levels of the corresponding period last year.
The company hopes the traditional autumn rise in sales, absent last year, will boost business in the second half.
- The Daily Telegraph 14/8/96 page 27
- Financial Times 14/8/96 page 18
- The Times 14/8/96 page 24
- The Independent 14/8/96 page 18
