Ch Bailey Inches Into Profit but Writedown Leaves a Loss ; Currency Fluctuations in Tanzania Affected Results

Summary


NEWPORT-BASED leisure and engineering business C H Bailey has reported losses in the six months to September of more than pounds 685,000.

In its latest interim statement the company said that revenue had increased by 7% over the six month period and the group has made a trading profit of pounds 10,462.

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Ch Bailey Inches Into Profit but Writedown Leaves a Loss ; Currency Fluctuations in Tanzania Affected Results

This compares to a loss in its trading activities in the same period last year of pounds 243,053.

However, the group's overall result was affected by e...

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