London International Group (LIG) returns to profit in fiscal 1995
This article was originally published in Clinica
London International Group, the UK condom and gloves manufacturer, has returned to the black in fiscal 1995 after shedding its loss-making photoprocessing operations last summer. Its annual after-tax profit was £11.7 million compared with a loss of £173.7 million a year earlier. Turnover on LIG's continuing business - health & personal products -, rose 5% to £286.7 million, "despite brand disposals, currency weakness in southern Europe and a more difficult but improving situation in the US", the company says.
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