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Novara - NO RECOMMENDATION

Companies: NVA   
08/09/1999

Despite reporting a 10% increase in educational sales, Novara's interim results showed pre-tax profits falling 6% to £3.3m (excluding exceptionals of £700,000). Both comparisons exclude the pharmaceutical division sold last year, which contributed £63m to turnover. The purchase of a 33% stake in Dialnet, a supplier of computer networking services to schools, forms part of a strategy of widening its business services. The delay in concluding a £9.75m Brazilian contract is likely to impact on expectations for the full year.

Market cap: £52.4m
Share price: 57.5p

LSE£235.96m 322.25p 2.25p
Other company articles:
01/08/2008
10/08/2007
09/08/2007
08/09/1999

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