Thorntons says profits are on track as it agrees refinancing
Thorntons has said its full year pre-tax profit before exceptional items will be in line with market expectations of £7.1 million, compared to £4.7 million last year.
The chocolatier said its UK commercial channel returned to double-digit percentage revenue growth in the fourth quarter, adding that the board remains confident that its strategy for the overall business is continuing to be effective.
Thorntons also announced that it has extended its existing banking facilities to £75 million to support continuing growth. Its lenders have agreed to provide an unsecured committed revolving credit facility which will run until October 2018.
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