News & Comment
'Teething problems' with new systems took the sparkle out of the first half-year at jewellery designer and distributor Abbeycrest, lopping £14,000 off its interim profits to £509,000 pre-tax. James Crux reports.
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Profits fell 13.6 per cent at jewellery distributor Abbeycrest as higher
diamond costs hit UK margins, writes James Crux.
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In a cryptic trading statement, Leeds-based jewellery manufacturer and
distributor Abbeycrest revealed today that sales were 11 per cent ahead for
the four months from 31 August, but profits for the full year are expected
to be 'in line with that for last year', when the company made £5.21
million on sales of £70 million. James Crux reports.
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