Impairments weigh on Wynnstay

Impairments weigh on Wynnstay

Goodwill and impairment charges of £3.9m due to subdued demand at Wynnstay's (WYN) retail operation Just for Pets caused the group's pre-tax profit to tumble, taking earnings per share with it. But strip out the one-off fee and profit before tax was flat on the previous year at £4.07m - further exclude the pet products operation and the group's profitability improved year on year.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now