Montgomery Litho, the Glasgow-based printing group, has been pushed back into the red and is slimming down its East Lothian plant having already closed its facility in Perth.
The group, which reported a turnaround in 2010 from a £279,000 loss to a £151,000 profit, slid to a £1.2 million pre-tax loss last year, according to accounts just lodged at Companies House.
Employee numbers were down from 368 to 310. Debt was more than halved, from £1.3m to £638,000, but shareholder funds also halved, from £2.07m to £1.04m.
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