Black & Lizars saw pretax profits fall to £465,703 (€548,663-$703,795) in the year to Sept. 30, 2012, compared with £571,878 (€673,598 - $864,228) the year before. The Glasgow-based eye care specialist has attributed the decline to costs related to acquisitions and store refurbishments. Turnover declined slightly to £11.63 million (€13.69m - $17.57m) from £11.7 million, with the accounts including exceptional costs of £107,697 (€126,832 - $162,768) relating to the launch of three new practices in Perth, Dalkeith and Glasgow last year. This year the Scottish firm acquired Kilgour Optometrists, which had two practices in Ayr and Troon, taking its portfolio to 26. Deals to add three more practices in Edinburgh and the west of Scotland are due to be completed in the next two to three months. At present, all of its practices are in Scotland, except for one in Northern Ireland. The company aims to raise the size of its store network to 40 units in the next two years, targeting annual turnover of £25 million (€29.4m - $37.7m). The company is registering profitability and double-digit sales growth in the current financial year, according to The Herald in Glasgow.