7  December – interim results

The six months to 30 September saw the group make further steady progress with turnover rising to £11.2m (2009: £7.8m), primarily as a result of acquisitions.  Adjusted pre-tax profits for the period were £0.45m (2009: loss £0.47m) for earnings per share of 0.27p (loss of 0.23p).  These are excellent results as they have been achieved whilst the group has been integrating acquisitions and also strengthening its senior management team, with the disruption that this may cause.  The benefits of the acquisitions are already being felt and the strengthened management team has helped the group to win contracts with the Co-operative Group and Thomas Cook.  These contract gains and acquisitions have transformed the prospects for the group, which is increasingly confident about prospects for the next financial year.  The shares are a STRONG BUY.