H C Slingsby swings to loss as Brexit uncertainty bites

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Commercial and industrial equipment supplier H C Slingsby swung to a modest first-half loss and warned of a cautious short-term outlook due to Brexit uncertainty.

Pre-tax losses for the six months through June amounted to £52k, compared to profits of £76k on-year.

Revenue rose rose 2% to £9.9m but profit were hit by adverse movements in gross margin and overheads.

'We remain cautious regarding the outlook due to the continued variability in order intake, economic uncertainty and the competitive nature of the marketplace,' the company said.