‘Policy’ halves Earlyworld profitability

Earlyworld Limited has attributed its ‘disappointing’ financial results to various aspects of government policy.Despite a marginal increase in turnover to £2.17m for the year ended 31 March 2006 from £2.15m in 2005, the company’s operating profit more than halved from £159,000 to £69,000. Overall, a profit before tax of £90,000 was recorded (2005 £177,000). The…