Provisions for restructuring and redundancies saw the firm post an after-tax loss of £2.3m (2001 profit: £1.2m).
However, Jarrolds has no gearing and one of the strongest balance sheets in print, with just under £40m of shareholders funds.
"Last year we were affected by the loss of large catalogue contracts, and we have taken steps to restructure. We are increasing efficiencies. Winning two new launches from Emap demonstrates that," said managing director Charles Jarrold.
