The Scottish-based international textiles groupannounced profit before tax and exceptional items of pounds 13.8m in 1997 and said its turbulent past was behind it as its turnaround strategy began to pay off. 'Our roller- coaster history we can put behind us.... For the first time since 1991-92 all our businesses are making money. That is quite a milestone,' Mr Finlay said.
He said Dawson could aim for annual operating profit growth in the 10 per cent range. Its Knitwear & Clothing division, including Pringle of Scotland - standard golfers' garb - was profitable for the first time in three years.
Mr Finlay said progress had been made despite what he described as an 'overvalued' pound.
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