1st Dental continues with turnaround strategy

HARROGATE-based 1st Dental Laboratories, which supplies bridges and crowns to dentists, said it was continuing its turnaround strategy after suffering a full-year pre-tax loss of £4m.

By The Newsroom

Published 23rd Mar 2010, 09:42 BST

The group saw revenues rise by 5 per cent to 10.57m in the year to November 30 2009.

Grahame Sewell, the company's chairman, said: "After a tough few years and despite the significant losses reported for the year....we did in fact increase revenues for the year and this trend has continued in the new financial year.

"The first three months of the new financial year showed a modest increase in revenue, a reduction in operating expenses and consequently an improvement in the group's profitability. The new, much smaller board of three people, together with the management team, have reviewed the group's strategy, and prepared a challenging business plan for the new financial year."

This business plan will focus on protecting the group from further revenue falls, and look for continued cost reduction. It will also aim to achieve an improvement in group profits.

Harrogate