Fashion firm cuts losses, raises turnover

THE fashion company that runs the upmarket Pamela Scott brand curbed losses significantly last year.

Accounts just filed for Flairline Fashions Limited show pre-tax loss fell substantially from €1.3 million to €135,265 in the year to the end of August 2010. Turnover increased from €8.8m to €9.9m.

The accounts said that despite the “challenging economic environment” the company achieved a satisfactory trading performance for the year under review. The loss is before taking into account the non-recovery of an inter group debtor worth €386,249.