Profit revenue

Creightons shares fall on lower FY2022 pre-tax profit and revenue

By Michael Susan

Shares of Creightons PLC fell on Tuesday after the company reported lower profits and pre-tax revenue for the financial year 2022 due to inflationary and logistical challenges.

Shares at 07:17 GMT were down 12.4 pence, or 23%, at 42.0 pence.

The British maker of personal care, beauty and fragrance products posted a pre-tax profit of 3.5 million pounds ($4.2 million) for the financial year ended March 31, compared with 5.2 million pounds sterling the previous year, as it has to deal with the price of inputs and energy. increases alongside global supply chain disruptions.

Revenue fell to £61.2m from £61.6m.

“We replaced the one-off hygiene sales of the previous year and generated growth across all areas of the core business. We completed two business acquisitions which position us well to continue to grow the business We will continue to react proactively to difficult market conditions, but remain open to new business opportunities,” said Chairman William McIlroy.

The board did not declare a final dividend given the difficult and volatile economic conditions, Creightons said.

Write to Michael Susin at [email protected]