1st Dental announces profits
Harrogate-based dental products firm, 1st Dental, has announced small profits for the first six months of 2010.
The announcement comes after two difficult years, following the acquisition of Benchmark in 2005 and economic difficulties caused by the global recession. At one point during the two years of poor business and economic difficulties, the company reported a loss of 4.1 million pounds.
Now, the company is showing signs of recovery and success after a turnaround strategy was implemented to drive the company forward after the heavy losses in 2005 and 2006. The market has picked up slightly and staff and executives at the firm have been working tirelessly to turn the company’s fortunes around.
Chairman of the company, Grahame Sewell, said he was absolutely delighted with the results and the profits, although modest, were a great source of relief. During the first six months of this year, the company announced a pre-tax profit of £10,000 compared to a loss of £326,000 for the same period last year.Join this Discussion