Angling Direct posts net loss despite sales reaching £53m
// Angling Direct posts net loss before tax for the last financial year
// Group sales for the year rose 27 per cent up to £53.2 millionAngling Direct has recorded a net loss before tax, which it blamed on new store acquisitions and a difficult post-Christmas trading environment.
For the 12 months to January 31, the fishing equipment retailer reported an EBITDA loss of £0.5 million and a net loss before income tax of £1.5 million.
The “exceptional winter flooding” a
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