20 Nov 2008

Laundry operator expects to beat downturn

9:02 am on 20 November 2008

Taylors Group expects its laundry earnings to improve this year, despite being exposed to any downturn in the accommodation sector.

Taylors says 70% of its business is driven by hospital revenue, which is less likely to be affected by the economic recession.

Profit dropped 10% to $2.4 million in the June year.