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NWD reports loss of pounds 1.4m for last year.(Brief Article)
NWD, the marketing services group established by the former agency executives Alan Page and David Gray, suffered a pounds 1.4 million operating loss last year.
The group places the blame for its below-par performance in its newly published preliminary results on the cancellation and postponement of several large projects towards the end of 2004.
Page left his post as a director of NWD in April.
The group now claims that, with a leaner cost base and last year's addition of Clinic, its first above-the-line acquisition, it is better placed to trade profitably throughout 2005.
NWD also revealed that its disappointing performance had caused it to be in breach of the pounds 1.25 ...
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