- Leeds grouped reported Friday a slump in annual pretax profit as rising competition kept a lid on margin growth.

For 12 months to 31 May, profit before tax fell to £0.89m from £1.45m a year earlier and revenue rose 1% to £41.54m.

'Trading conditions have been difficult with increased competition and pressure on margins,' the company said.

The company said, however, that results were in line with its expectations.

At 8:52am: [LON:LDSG] Leeds Group PLC share price was -1p at 27p

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