Independent Scottish chain Black & Lizars almost tripled its pre-tax profits thanks to increased sales, better margins and the introduction of NHS-paid for tests for all in Scotland, according to The Herald August 3.
The 175-year-old Glasgow company turned in a pre-tax profit of £895,020 for the year to the end of September compared to £301,277 the previous year.
A successful resolution to a partially exempt VAT situation and improvements in the supply chain were also cited.
The company, with 25 outlets in Scotland and two in Belfast, employs 241 staff, operates a small wholesale division and recently launched its own website for internet sales. Black & Lizars plans to use the performance to grow the brand, according to the report.
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