Diversification pays off for Pittards
26/09/2017
Revenue reached £14.2 million due to increased sales in the UK division, particularly in the shoe sector.
In Ethiopia, where the company operates a tannery and five finished goods factories, orders for work gloves increased and the company delivered some “small but strategically important” initial orders for men's footwear.
Chairman Stephen Yapp said: "We have continued to make solid operational and strategic progress while delivering a profitable first-half performance which improved upon the previous six months.
“Recent discussions and heightened sampling activity demonstrate that our strategic roadmap for developing an increasingly diversified business model will provide not only revenue and profit growth but a more balanced business positioned to take advantage of the changing landscape.”
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