I've tried several times to understand this bit of the linked article, but I can't...
The firm said pre-tax profit fell to £4,602 in the year to March 2024 from £10.7m on turnover down 5% to £123m.
Turnover (IE revenue - sales) dropped by 5% but that translated to wiping out profits almost entirely, presumably as costs went up at the same time.
Thanks. It's written poorly eh?
@andyfallsoff started
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I've tried several times to understand this bit of the linked article, but I can't...