Armour pierced by turn to the red

Consumer electronics group Armour swung to a full-year pre-tax loss in the year to 31 August of £3.5 million, compared with a £947,000 profit the previous year, results yesterday revealed.

The firm, which produces hi-fi, home cinema and home entertainment systems under a range of brands, said weak consumer confidence in the UK made the year the most challenging experienced by the group but it expects an improved performance in 2012.

Hertfordshire-based Armour added that its net debt was £6.9m, up from £5.7m.