Lulu Guinness FY17 sales increase to 9.5 mn pounds

For the period to March 26, 2017, Lulu Guinness revealed in its accounts filed with the Companies House UK that the sales reached 9.5 million pounds (12.8 million dollars) against 9.1 million pounds (12 million dollars) in the earlier fiscal year. However the company added that due to significant investment, restructuring costs and amortisation charges during the year the company recorded loss before tax for the year of 460,549 pounds compared to 89,678 pounds in the year before.