Turnover at conservatory maker falls 28% in first quarter of financial year.
Conservatory maker Ultraframe has annnounced that it expects to make a pre-tax loss for the first six months of its financial year.
The company has experienced a dramatic fall in turnover in the first quarter. In a trading statement ahead of the company AGM Ultraframe said that turnover was 28% below the same period last year.
The company board warned that it anticipated lower than expected sales in the second half of the year and with increased costs relating to a legal litigation in the UK it said it would make a pre-tax loss for the first six months.
Ultraframe said there would be an improvement in the second half of the year as a result of planned operational initiatives in the UK and US.
In North America, first quarter dollar sales were 2% up on the comparable period.
In Decmember Ultraframe announced a 62% fall in pre pre-tax profit to £12.8m for the 53 weeks ended October 1 2004. Turnover was 15% lower at £118.2m.