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Royal Doulton sales fall

The UK china and ceramics company Royal Doulton has reported a GBP 10.5 million sterling (EUR 16.6 million) pre-tax loss in the six months to the end of June. Sales were down 6% on the same period las…

The UK china and ceramics company Royal Doulton has reported a GBP 10.5 million sterling (EUR 16.6 million) pre-tax loss in the six months to the end of June. Sales were down 6% on the same period last year to GBP 82.4 million, reflecting lower demand in the British and North American markets. Gross margins fell slightly from 43.3% to 42.1%. However, net operating costs fell by 11% to GBP 44.1 million and operating loss was reduced by 16% to GBP 9.4 million. Waterford Wedgwood holds a 14.9% stake in Royal Doulton. This is seen as a strategic stake in case another company wanted to acquire Royal Doulton.

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