Boux Avenue's losses widen to 10 million pounds

For the financial year ending December 31, 2018, Boux Avenue Limited reported fall in turnover as well as operating profit. While revenues dropped from 49.4 million pounds to 47.4 million pounds with 3 percent decrease in like-for-like sales compared to 7 percent increase last year, operating loss widened to 9.9 million pounds from just 3.8 million pounds last year. While gross profit decreased to 25.5 million pounds, the company’s EBITDA loss also rose to 8.4 million pounds from 2.2 million pounds in 2017.