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React Group sales climb but restructuring take its toll

Costs associated with restructuring, plus bad debt and redundancy costs resulted in £1.34mln of one-off costs

Cleaning products
React 'tackles cleaning problems that non-specialists cannot or do not wish to cope with'

More work cleaning up cells, crime scenes, hospitals and houses trashed by tenants, boosted React Group PLC’s (LON:REAT) turnover over the past 12 months.

The extreme cleaner's sales rose 48% to £3.3mln in the year to September, with half of that work coming from the emergency services.

Can start to return to profit​

React has also been tidying up its own structure with three businesses merged into one and a management overhaul.

Costs associated with the restructuring, plus bad debt and redundancy costs meant £1.34mln of one-off costs, which pushed losses up to £1.93mln from £458,000.

Gill Eates, executive chairman, said React now had a solid business from which it can grow and begin to return to profit.

Shares were unchanged at 0.21p.

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