Reflex hit with pre-tax losses of €609,000

REFLEX GROUP, the London-quoted former technology company chaired by Irishman Tony Kilduff, is set to change its name in line with its move into healthcare and leisure.

The company yesterday announced pre-tax losses of £406,000 (€609,000) for the first six months of the year, compared with losses of £359,000 the previous year. Turnover fell 7% to £1.5 million (€2.2m), which the company put down to a change in accounting policy.

Mr Kilduff said it was appropriate to change the company’s name to Healthy Living Centres to reflect its new focus. Shareholders will be asked to approve the change at an extraordinary general meeting in Dublin next month.