Mark Warner blames 'difficult trading conditions' for profits slump

Mark Warner blames 'difficult trading conditions' for profits slump

Mark Warner is seeing good demand again for its holidays following a slump in profits.

Pre-tax profits fell by 80% to £106,000 on sales of £42.4 million in the year to October 2014 over the previous 12 months, according to newly-filed figures reported by the Mail on Sunday.

The all-inclusive specialist described the decline as being due to "more difficult trading conditions in both winter ski and summer markets compared to recent years".

Managing director, David Hopkins, told the newspaper: "This year has been particularly challenging because of the uncertainty in Greece.

"Despite this, trading has now recovered and we are experiencing good demand again."

He added: "While it's not going to be a vintage summer, it shows good signs of finishing strongly.

"Trading for 2016 looks positive and we hope the political situation in Greece will remain stable and allow the travel industry to play a part in its recovery."

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