StockMarketWire.com - Despite a slight fall in turnover to £128m. profits at Northanger for the year ended June 30 2010 were £170,000, compared to £52,000 in 2009.

Chairman, D.M. Phillips, said that trading conditions remained difficult but that early indications were that that the improved trends seen in the last quarter were continuing into the current year.

He reminded shareholders that he had not been optimistic in his interim and third quarter reports but that efficiency improvements to assist profitability came through in the final quarter.

Operating costs were reduced by £1.26m. (13%) compared with the previous year.


Story provided by StockMarketWire.com