Johnson Service grows after a clean-up
Johnson Service has toasted the first sales growth at its dry-cleaning business for years, following a restructuring that saw it exit 100 unprofitable stores in the past 12 months.
This helped the group, which generates the majority of its revenues from the renting of workplace clothing to the food industry, reaffirm its 2012 profits would be line with City expectations.
Its executive chairman John Talbot said: "It is very encouraging to see that our dry-cleaning estate has shown like-for-like growth in sales which, while modest, is the first such increase for a number of years."
The group now has 360 Johnson Cleaners stores, and its biggest operation is Johnsons Apparelmaster.
It estimates net debt at the year end was less than £59m.
Shares in Johnson Service, which also owns the luxury dry-cleaner Jeeves of Belgravia, yesterday rose 1.5p to 38.5p.
Analysts expect the company's pre-tax profits to have grown 5 per cent to £15.8m in the year that ended in December.
- 1 Ashya King missing: Police hunt five-year-old boy with brain tumour snatched from Southampton hospital by his parents
- 2 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 3 Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
- 4 Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
- 5 Friends reunion: Jennifer Aniston, Lisa Kudrow and Courteney Cox perform mini sketch on Jimmy Kimmel Live
Ashya King missing: Police hunt five-year-old boy with brain tumour snatched from Southampton hospital by his parents
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
Californian drought is so severe it's 'causing the ground to move'
Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
- < Previous
- Next >
iJobs Money & Business
£450 - £500 per day: Orgtel: SAS Business Analyst, London, Banking, Credit Ris...
£32000 - £38000 Per Annum Bonus, Life Insurance + Other Benefits: Clearwater P...
£200 - £250 per day + competitive: Orgtel: KYC Analyst, Key Banking Client, Bi...
£400 - £500 per day: Orgtel: Test Manager - Banking - West Yorkshire - £400-£5...