Norish announces return to profits

COLD storage and warehousing group Norish has abandoned paying its dividend as its talks to a potential buyer of the company.

Earlier this week Norish announced it was in takeover talks with a so-far unnamed company and said it was suspending the interim dividend while talks progressed.

Yesterday Norish reported a return to profits for the six months to end June. The company said pre-tax profits came in at £200,000 (€292,000) compared with a loss of £800,000 a year ago. Turnover was flat at £6 million (€8.8 million).