Carclo profit fall

Tuesday 08 December 1998 00:02 GMT

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Carclo profit fall

CARCLO, the engineering group, announced the pounds 11.5m acquisition of Combined Optical Industries from Quadromatic and a 29 per cent fall in six-month pre-tax profits to pounds 5.7m. George Kennedy, Carclo chairman, said the card- clothing division had been "directly exposed to the worst of the global recession in the textile business". The shares closed up 4 per cent at 92p.

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