CLOTHING company Lyle & Scott has reported falling profits and turnover due to reduced sales in Europe and the UK.
According to accounts at Companies House, turnover dipped 6% from £34.3 mil-lion to £32.1m, while pre-tax profits declined from £7.5m to £4.7m in the 12 months to March 31, 2012.
UK income for the firm, which has a facility in Selkirk, slipped from £22.7m to £21.3m while European turnover fell from £11.2m to £9.9m. Sales from the rest of the world, however, almost trebled from £304,000 to £869,495.
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