LONDON (ShareCast) - Service providers to the dental service, 1st Dental Laboratories, said figures for the year will be below market expectations and also announced the resignation of its finance director.
"As mentioned in the company's statement in August 2005, this was primarily due to the initial poor performance of the Benchmark group of laboratories, which were acquired in December 2004, and the longer than expected time to integrate them into the company," said the group.
Both pre-tax profit and turnover will be slightly ahead of last year’s figures but sales for the final quarter were below directors’ expectations.
The group said it had accepted the resignation of finance director Roy Butterworth, with effect from 30 June 2005.
1st Dental added that it has undertaken a review to improve the efficiency of the business and said it continues to seek potential acquisitions.
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