Cost savings boost Anglian profits

(22nd September 2010)

Thanks to a continued focus on efficiency the Anglian Group has seen a dramatic uplift in its profits despite a fall in sales. In the year up to March 27 Anglian saw pre-tax profits hit £11.3 million, up from £6.2 million the previous year, even as turnover dropped by £15.5 million to £209.2 million.

The boost in profits is due to a major restructuring of the company, a leading supplier of windows and conservatories in the UK. This follows over £30 million in cost savings make in 2008/09 following a reported £7 million operating loss due to the economic crisis that year.

Peter Mottershead, group chief executive, said the company was now focused on generating profits to plough back into improvements in the business.

Mr Mottershead said: “We have to take the strengths we have and invest in the business ready for when the upturn comes. We have continued to invest in the brand and products.

“We are putting the building blocks in place so that when the upturn comes we are in a good position for revenue growth and further growth in profits.”

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