Dawson downturn

Thursday 11 June 1998 00:02 BST

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DAWSON HOLDINGS, the Aim-listed group which is seeking admission to the full market next week, yesterday blamed the strength of sterling and mounting product development costs for a marginal downturn in first-half profits.

Pre-tax profits before exceptional items eased to pounds 14.4m from pounds 14.5m a year earlier, despite a continued strong performance from the news wholesale unit Surridge Dawson.

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