Redhall Profits Slump

02/06/11 -- The loss of the Vivergo contract seems to have proven to be a bit of a spanner in the works for the engineering company Redhall Group Plc. Pre-tax profits fell 70% to GBP1m for the six months ended March 31 compared with GBP3.3 million a year ago figures released today show.

"The board believes this is a low point and trading will be much improved in the second half and beyond," they said.