Revamp of computer and stock systems,as well as inconvenience with Chinese suppliers, dented sales in the summerHornby has posted a £4.5m loss for the first half of its financial year after an overhaul of the model railway maker’s operations disrupted sales. The group, and whose products include Corgi Cars and Airfix kits,also struggled to bag products into European stores from its Chinese supplier.
The pre-tax loss for the six months to the end of September widened from £520000 a year earlier as sales fell to £22.3m from £24.2m. Excluding exceptional items, Hornby swung to a £3.4m loss from a £250000 profit a year earlier.
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Source: theguardian.com