Maiden Pushed Into Red By Tough First Half

Outdoor advertising contractor, Maiden Group, said that sales declined by 5.1% in the six months to 30 June 2002, pushing the group into the red.

Pre-tax loss for the period was £2.3 million, down from the £2.2 million profit of the same period last year.

However, things are starting pick-up, with a ‘slow but steady’ improvement in market conditions expected to continue into H2. Maiden says that Q3 revenues are up 9.3% on 2001 and that 94% of last year’s revenues have already been booked so far this year.

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