Bwi Results In Line

BWI plc has posted preliminary results for the year ended 31 July which show profits before tax and exceptionals were £7m, down on last year's £8.3m, although in line with expectations. Michael Windsor, Chairman, said that the progressive strengthening of sterling and the dollar against other currencies had affected the whole sector. An exceptional charge of £1.5m was taken to reduce costs and improve productivity. (whole item)