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Beauty products business Brand Architekts, formerly known as Swallowfield, reported a 19% fall in underlying operating profit to £4.4m as it said economic and consumer uncertainty would continue to impact the business into the new financial year.
Brendan Hynes, executive chairman, commented: 'On the 23 August 2019 the Group disposed of its Manufacturing business for £35m to KDC/One Inc.
'This transformational deal is another significant milestone for our strategy of accelerating the growth of our Owned Brands business and simplifying the group. We will now focus all our time, resources and investment growing and developing the higher margin part of our business.'
At 9:34am: (LON:BAR) Brand Architekts Group Plc Ord 5p share price was -7p at 196p