Aukett Fitzroy to report smaller than expected loss

17th May 2010 14:44

Architects and interior design specialists Aukett Fitzroy Robinson gained after it said it expects to post a smaller than forecast half year loss.The group expects to report a loss of just over £300,000 for the period ended 31 March compared with last year's loss of £1.2m.Aukett Fitzroy Robinson also generated cash of circa £500,000 in the six months period, thereby reducing net debt to below £1m (net debt at 30 September 2009 £1.4m)."The group is committed to maintaining its skill base across its network of international offices during the current economic slowdown which continues to have a short term impact on financial performance," it said.