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Alstons enjoys profits jump

AlstonssavannahUpholstery producer Alstons grew pre-tax profits by more than 40% last year.

Pre-tax profits grew by 40.8% to £3.85m in the year to 31 December.

Sales rose by 7% to £31.85m.

‘Material price increases and exchange rates being less volatile helped return a gross margin back to levels achieved in 2016,’ says the company.

The dividend paid to owner TCM Corporation rose by 20.6% to £3.408m.