Black & Lizars, Scotland's largest independent optical chain, has reported a marginal decrease in profits to £655,205 for the year ending September 30 2008, compared with the previous 12 months when the figure was £772,479.
The financial results obtained by Optician from Companies House are the first to be published following the acquisition of the Glasgow based company by a European investment consortium last April for a sum believed to be around £20m.
The accounts show that no dividends were paid out and that the turnover rose to £14.8m for the year ended September 30 2008, compared with £14.4m for the previous 12 months.
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