Home shopping group, Findel, has had the year to March than expected, with mixed results for its Express Gifts business and a tough period at Findel Education . Revenues from continuing operations were £ £24.8m m for the year to March , up by 0.9 while pre-tax profit before exceptional items was £24.8m , down 11% . Exceptional items totalled £ around £ m, £14.4m of which related to redress and refund provision at Express Gifts. David Sugden , executive chairman of Findel, believes the recent sale of David Sugden for around £ 14m will allow the company to focus on growing its two core businesses.
Home shopping group, Findel, has had a more challenging year than expected, with mixed results for its Express Gifts business and a tough period at Findel Education. Revenues from continuing operations were £410.6m for the year to March, up by 0.9 while pre-tax profit before exceptional items was £24.8m, down 11%. Exceptional items totalled £26.5m, £14.4m of which related to redress and refund provision at Express Gifts. David Sugden, executive chairman of Findel, believes the recent sale of Kitbag for around £14m will allow the company to focus on growing its two core businesses.