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Profits slump for Alexon in Dolcis aftermath

Alexon is expected to report full-year profit before tax of between £7.4 million and £7.7m on Monday, a fall of 62% on the previous year due to the sale of its underperforming Dolcis chain in December. City analysts said they were cautious about Alexon's recovery prospects despite shedding loss-making businesses Dolcis and Mandolin.