Molins, which produces cigarette making equipment and packaging machinery, has reported a steep fall in pre-tax profits but insists its performance will improve in the second half.
Group sales in the six months to June 30th were £39.9m, down only slightly on the £38.8m the year before. However, underlying operating profit was just £0.8m compared to the £1.7m seen at the same point last year.
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