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Record trade at Delling
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Record trade at Delling
Mon, 18 Sep 2006, 10:05:00
Scandinavian marketing support services firm Delling Group doubled revenues over the first half and said it has been seeing record levels of trade.<br /><br />Delling reported a pre-tax loss of £1.39m for the six months to June compared with £1.59m a year earlier, on revenues up 110% to £5.0m from £2.4m last time.<br /><br />Executive chairman Aksel Bratvedt said, "The group has had a very promising start to the third quarter with record business volumes in July and August, which continues to reflect the increasing pace of growth in our business as more outsourcing contracts come on-stream".<br /><br />Delling added that the results were affected by a lower gross profit margin, as it took on more subcontracted print, but expects margins to improve in the second half as more print jobs are placed in low cost countries such as Poland.<br /><br /><br />
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