Lupus flogs Gall Thomson, as profits fall

Door and window component maker, Lupus, has announced a 75m pound sale of its Gall Thomson subsidiary while also revealing a big drop in 2011 profits.

Door and window component maker, Lupus, has announced a 75m pound sale of its Gall Thomson subsidiary while also revealing a big drop in 2011 profits.

The sale of Gall Thomson, an oil services provider, will allow Lupus to reduce debt by £30m, to 0.7 times earnings before interest tax depreciation and amortisation (EBITDA).

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