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Creightons PLC on Wednesday reported a swing to profit during its most recent financial year, on a revenue rise and ‘remedial measures’ to revive its bottom line. Shares in Creightons were down 10% at 38.72 pence in London on Wednesday morning. The stock has more than doubled from 18.50p over the last year. The Peterborough, England-based beauty and wellbeing consumer goods manufacturer swung to pretax profit of £3.5 million in the year that ended March 31, from a loss of £3.3 million the year before. This was driven by ‘improved gross margins’, it said, ‘in particular due to cost mitigation measures, labour shift rationalisation and manufacturing efficiencies, and also reduced distribution costs’. Revenue grew 1.7% to £54.1 million from £53.2 million, ‘driven by private label sales growth’, Creightons added. ‘Revenue has grown despite a difficult market environment, where challenges faced by certain customers have had an adverse effect on overall revenue performance,’ the company said. Cost of sales was reduced by 1.6% to £29.9 million from £30.4 million. Distribution costs were 20% lower at £2.8 million from £3.5 million. The firm recorded no impairment costs during the year, compared to a £4.4 million charge a year prior. Creightons proposed a final dividend of 0.50 pence per share, up 11% from 0.45p the prior year. ‘Whilst there are significant challenges, the group is in an excellent position to manage the downside risks and take advantages of any opportunities,’ said Chair Paul Forster. ‘The proposed investment in sales, marketing, product sourcing and development will ensure the group can take advantage of more opportunities over the coming year. The board will continue to work closely with the executive team to deliver and revise the strategy to grow revenue and profits.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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