China maker expects more losses

Friday 26 January 2007 21.20
China maker expects more losses

Luxury china maker Royal Doulton made a pre-tax loss of £25 million sterling last year, and expects to make further losses this year.

Waterford Wedgewood owns nearly 25% of the company, in what a spokesman described as a 'strategic stake'.

Royal Doulton's shares fell 12% in London today on the results.