The operating loss before goodwill, amortisation and exceptionals was 872,000 in the six months to 31 March, compared to last years small profit of 283,000 in the same period.
APIs management claims to have made significant progress in refocusing the foils and packaging products group, and chairman David Hudd said that prospects for the second half of the year were encouraging with an improved performance expected.
APIs share price fell by 3.5p to 86.5p on the news.
Have your say in the Printweek Poll
Related stories
Latest comments
"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
Up next...
Replacement 'will be operational later this year'
Walstead makes decision on Bicester 64pp
'Ridiculous decision'
Unite “prepared to fight” on proposed DS Smith site closure
Also helps mitigate volatile energy prices
