Adjusted pretax profit for the year ended 31 December 2010 rose to £14.5million from £12.2million a year earlier.
Announcing its results on 8 March, the group said textile rental, its largest division, increased adjusted operating profit by 14% to £16.6m, on revenue close to 2009 levels.
Executive chairman John Talbot said: `”This is a very good performance considering the difficulties faced by many of our customers with higher unemployment, business closures and increased focus on costs.”
Drycleaning was badly affected by the bad weather at the beginning and end of the year, which had an impact on both revenue and adjusted operating profit of £1.6m. Talbot said the group has rationalised the branch network and introduced a number of initiatives to improve profitability going into 2011.
The group's net debt reduced to £59.5m from £67.7m in 2009.
