UK: Devro posts weak 2001, insists things are looking up
Sausage skin maker Devro insisted that its toughest troubles are behind it as it unveiled full year results for 2001 damaged when animal diseases, such as BSE and foot and mouth, led to a drop in consumer demand. Sales dropped from £229.5m to £208.3m (US$296.6m) during the year ended 31 December 2001, and pre-tax losses were £36.7m, compared with a profit of £19.8m year on year. Devro has slashed its final dividend payment from 3.3p to 1p.
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