The operating loss before goodwill, amortisation and exceptionals was 872,000 in the six months to 31 March, compared to last years small profit of 283,000 in the same period.
APIs management claims to have made significant progress in refocusing the foils and packaging products group, and chairman David Hudd said that prospects for the second half of the year were encouraging with an improved performance expected.
APIs share price fell by 3.5p to 86.5p on the news.
Have your say in the Printweek Poll
Related stories
Latest comments
"Been there too!"
"Very True"
"Customers expect quality as a basic requirement so quality is no longer a selling point as its a given. Similarly so, accreditations are a nice to have and show customers that you are committed but as..."
Up next...

50 accredited partners offering GGS loans
Guaranteed Growth Scheme receives extra £500m as tariffs bite

Flatter and streamlined organisation
Stora Enso restructure to reflect renewable packaging importance

Took over in the role on 1 April
Paul Brough becomes Mail Users’ Association chair

Birmingham's Marco Pierre White restaurant