Business
Final Results
Final Results.
About this update from Potter & Moore Plc
[{"type":"text","content":"\n \nRNS Number : 4153C Creightons PLC 28 June 2016 \n\n28 June 2016\n \n \n \nCreightons plc \n \n(the \"Company\" or \"Creightons\")\n \nPreliminary Results\n \nThe Company is pleased to announce its preliminary results for the year ended 31 March 2016.\n \n \nFor more information please contact: \n \nNicholas O'Shea, Director, Creightons plc 01733 281000\n \nRoland Cornish / Emily Staples, Beaumont Cornish Limited 0207 628 3396\n \nChairman's statement \n \nI am pleased to report another year of growth and improved profitability as the Group's profit after exceptional items and before tax increased to £1,329,000 from £851,000 in 2015. This year includes a profit of £768,000 on the sale of the \"The Real Shaving Company\", the prior year including £375,000 on the sale of the Group's 55% interest in TS Ventures Ltd. The Group's profit before exceptional items is £558,000 compared to £476,000 in 2015. \n \nOn 28 May 2015 the Group completed the disposal of \"The Real Shaving Company'' business for £1,000,000 which generated an exceptional profit of £768,000. This follows the sale of the Group's 55% interest in TS Ventures Ltd in May 2014 and illustrates the Group's effectiveness in creating and developing brands which add to shareholder value. The Directors consider the creation and development of brands to be an ongoing feature of the business.\n \nOn 16 February 2016 the Group acquired some assets of the Broad Oak Toiletries business from their administrator through a new subsidiary Potter & Moore (Devon) Ltd. This purchase raises our profile in the market by bringing to the business a more premium customer base, developing and manufacturing for a number of high-end, premium brands. In addition, it has extended our capabilities in new product categories including fine fragrance, home fragrance (incl...