Convenience store retailer CJ Lang has seen turnover drop from £239.2 million to £200.1m following the sale of its cash-and-carry business and a reduction in trade with a major customer.
As a result, the Dundee company, which holds the SPAR franchise licence in Scotland and runs more than 100 stores, saw its pre-tax profits drop from £5.5m to £2m in 12 months to April 30, 2012.
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