Pamela Scott operator posts €679k profit after €2.73m loan writedown

The firm behind the Pamela Scott brand last year recorded pre-tax profits of €678,708 after securing an exceptional gain of a bank loan writedown of €2.73m.

This came as revenues increased marginally from €21.9m to €22.49m in the 12 months to the end of August last.

According to accounts just filed by Flairline Fashions Ltd, the firm recorded the pre-tax profit as a result of the bank loan writedown of €2.73m, which followed a bank loan writedown of €9.37m in 2013.