Pre-tax profits stood at £1.4m against losses of £2.2m last time.

In its latest financial results it reported a loss of £196.2m in the nine months to September.

It made a pre-tax loss of £1.4m in the six months to the end of December.

A pre-tax loss of £2.1m was converted into a profit of £3.64m.

Christie Group has reported a pre-tax loss of £2.6m for the year to March.

The full-year loss of £73.5m compared with a profit of £59m in 2006.

Pre-tax profits were £134,000 against losses of £3.2m last time, on sales flat at £59.4m.

At the pre-tax level, profits stood at £134,000 against losses of £3.2m last time.

For the year to March 31 it made a pre-tax loss of £9.8m, compared with a massive £448.4m last time.

Its supply business, to customers outside its geographical area, showed an increased loss of £18.3m but a profit is expected in the full year.