Kunick is back in the black with pre- tax profits of pounds 4.8m compared to a write- off-scarred loss of pounds 11.8m last time, while underlying operating profits rose 55 per cent to pounds 6m.
The company is financially secure. But its ordinary shares, unchanged at 11.75p, are likely to be subdued until Goldsborough is sold. The attractions of preference shares are a good deal more immediate. Up 4p to 96p yesterday, they yield nearly 11 per cent.Reuse content