31/05/2000
A strong contribution from LMS, the 12" optical media business acquired 15 months ago, enabled Plasmon to significantly increase profits in the year to December. The data storage specialist witnessed its pre-tax line soar from a mere £322,000 to £4.1m as sales increased over 40% to £70.3m. The figures are even more impressive when set against the fact that Plasmon undertook significant restructuring during the year. As well as integrating LMS, the group moved its 12" media production from Blackburn to Melbourne, reorganised the senior management at its Colorado facility and also ceased production of its NCTP tape drives business. An upbeat chairman Barrie Morgans said the coming year should see the group increase its marketing spend to take advantage of what he believes is a growing data storage market. The consensus amongst brokers is that Plasmon should hit profits of around £8.4m this year.
| Market cap: | £89.9m |
| PE Average: | n/a |
| PE Forecast: | 18.5 |
| PE Historic: | n/a |
| Share price: | 229p |
| LSE | 0pm |
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| Other company articles: |
| 17/12/2007 |
| 11/04/2006 |
| 10/06/2005 |
| 02/08/2004 |
| 31/05/2000 |
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