Dawson's Losses Widen to Gbp 3.8m

The ScotsmanAugust 23, 2007

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Summary


TAKEOVER target Dawson International has insisted its performance will improve in the second half, after its shares slumped on weak interim results.

The Scottish clothing and home furnishings company, which is currently in the sights of a Chinese cashmere company, reported a first-half operating loss of GBP 3.8 million, excluding exceptional items, widening from a loss of GBP 3.6m in the same period last year.

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Extract


Dawson's Losses Widen to Gbp 3.8m

At pre-tax level, losses were cut from GBP 5.1m to GBP 2.1m, after a GBP 2.5m gain on a sale and leaseback deal on its Kinross pr...

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