Ercol announces profits

Ercol has reported an increase in both revenues and profits for the most recent filed accounting period up to the end of 2021. Sales rose 15% from £17.5 million to just over £20 million.

Gross profit was up from £4.7 million to £5.8 million, with pre-tax losses of £443,000, compared to nearly £1.5 million the previous year.

Ercol reported that gross margin had improved with better efficiencies in its factory.     

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