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Bingo firm blames rising taxes on profits fall

INVERNESS-based Carlton Bingo said it sees some tentative signs of improved consumer spending despite another year of falling income

Turnover from its 14 clubs in Scotland and northern England fell slightly from £36.9 million to £36.8m in the year to December 31, 2011, which the company blamed on rising taxes.

Pre-tax profit plunged 82.1% to £1.2m last year as it only received a fraction of the £4m in over-paid value added tax that had boosted the bottom line in 2010.

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