14th Nov 2013 15:57
LONDON (Alliance News) - Cosmetic and household goods supplier Swallowfield PLC Thursday said that trading in the first four months of the year has been in line with expectations.
In a trading statement, non-executive chairman Brendan Hynes said that the group has seen encouraging momentum, boosted by new customer wins, product launches and a lower cost base now in place.
"We anticipated that this financial year would be one of stabilisation, focus and returning the business back to profitability. At this early stage in the year this objective remains firmly on track," Hynes said.
Swallowfield shares were trading down 2.89% Thursday afternoon at 84.00 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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