In marked contrast to the previous year, the UK sports and technical leather producer Pittards has been able to post a healthy set of full-year results for 2002.

In the 12 months ended December 31 2002, pre-tax earnings came in at £2 million ($3.2 million) or £0.54 pence per share. This was in spite of sales being down nearly £4 million to £78.9 million, though volumes of finished leather were up 5%, largely on the back of new business gains.  Of the company’s total sales, 80% went for export, a 30% increase on the year before.

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