Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Cropper James annual profit slumped as the pandemic hurt demand in its paper divisions.
For the 52 weeks ended 27 March 2021, pre-tax profit fell to £1.7 million from £5.5 million year-on-year as revenue slipped 25% to £78.8 million.
'Revenue for the paper division fell by 32% in the period to £51.4m generating a small profit, prior to exceptional costs, of £0.4m compared to an operating profit of £3.4m in the prior period,' the company said.
No final dividend was proposed as part of cash preservation exercise against the impact of Covid-19, the company said.