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
"The poor staff is who I feel for"
"It's a shame. If the company is deducting pension payments and not passing them on it will likely lead to the inevitable. Don't bother with the Pension Regulator or Pension Ombudsman - in my..."
"The old man will be rolling in his grave."
Up next...
Sister firm also impacted
Reflections shuts, employees left in lurch
Detailed planning underway
Service Graphics exits Cheadle, expands Skelmersdale
Evolving show hailed a success
New Hunkeler Innovationdays format impresses in Lucerne
Group acts to match demand