Creightons flags results boost from R&D tax credits

17th May 2019 10:38

(Sharecast News) - Personal care and beauty products company Creightons updated the market on its trading on Friday, reporting that sales in the second half of the year ended 31 March were likely to be "broadly similar" to those for the first half.The London-listed firm did, however, confirm that there would be a one-off benefit from the recovery of research and development expenditure through the government's corporation tax rebate scheme in the region of £0.35m in respect of the 2017 and 2018 financial years."Thereafter, for the duration of the scheme, the company is likely to receive an annual benefit proportionate to our allowable research and development expenditure," the board said in its statement.Creightons said its results for the year ended 31 March would be released on 26 June.