Regulatory News

 

Interim report For the six months ended 31 March 2009
10.06.2009

Highlights

• Revenue up 83% to £30.1 m (March 2008 £16.46m)

• Gross Profit up 67% to £8.46 m (March 2008 £5.07m)

• Profit before taxation of £0.86 m (March 2008 £0.36m loss)

• Strong organic growth

• Restructuring process completed

• Equity Fundraising of £5 m in March 2009
  

• EPS of 1.77p (March 2008 loss of 0.89p)

Andy Church, Chief Executive, commented:
Turnover, gross profit and profit before tax are all ahead of Board expectations and the Group has made a solid start to the year. The Group completed a substantial restructuring and cost reduction exercise during the period and the results for the first half reflect the impact of this exercise.

Current trading remains positive and the performance of the Group in the first half gives the Board confidence for the full year.

To download the Interim report in PDF format please click here

 

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