Fishers Laundry profits hit by ‘year of investment’



Fishers Laundry Group has unveiled an 11 per cent drop in annual profits following a “year of significant investment” for the venerable Fife firm.
The Cupar-based company, which cleans, irons and delivers more than two million items a week, said pre-tax profits for 2015 fell to £2.4 million, down from £2.7m the previous year, as labour costs rose on the back of the national minimum wage and it geared up to launch a “super laundry” in Coatbridge.
The £5m facility, which opened in March, has the capacity to wash and dry about 650,000 items of bed linen and towels a week for hotel customers.... read more

 
27 September 2016 in Business, Views: 34
Source: Scotsman
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