07/09/2000
The dry cleaning and textile rental group announced encouraging interims for the half year to 24 June in the face of trying market conditions. With turnover on continuing businesses edging up to £80.7m (£79.6m), profits at the pre-tax line rose to £13.2m (£12.8m). The highlight of the period was the acquisition of Semara for £103m, which significantly enhanced the textile rental business. Even excluding Semara, the group's British textile rental businesses managed to boost turnover by 4.4% to £32.7m although profits were little changed at £7.7m. The Galway based textile rental arm CCG, saw its profits cut to £0.6m (£1.1m) due to a poor performance from its Dublin linen division. Management has taken action via the impending closure of the Rathfarnham plant. In the British drycleaning business, turnover dropped by 2.1% to £35.7m as a result of the disposal of the low margin photographic franchise operation. Chief executive Richard Zerny anticipated substantial savings and cost efficiencies once Semara has been fully integrated. However, he didn't believe the 'full benefits would be realised until late 2001'.
| Market cap: | £136.5m |
| PE Average: | 26.2 |
| PE Forecast: | 7 |
| PE Historic: | 8 |
| Share price: | 255p |
| AIM | £25.55m |
10.25p
|
-0.25p
|
|
| Other company articles: |
| 30/06/2008 |
| 10/06/2008 |
| 01/06/2005 |
| 01/05/2005 |
| 30/03/2005 |
Agency Commercial Mortgage
Looking for Agency Commercial Mortgage? Search over 15,000 sites with one click. Your source for everything under the sun.
Agency Commercial Mortgage - Check Out I Found It
All the top companies and links for agency commercial mortgage under one roof at I-Found-It.
