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1st Dental Laboratories
- BY: Andrew Hore |
- POSTED: 18/07/2010 |
- COMMENTS: Add yours
Cost cutting helped 1st Dental Laboratories move back into profit in the six months to May 2010.
Revenues fell 4% to £4.93m as a loss of £326,000 was turned into a profit of £10,000 - partly thanks to lower interest costs and a property disposal gain of £68,000. The laboratories made an increased contribution.
Revenues were hit by the e-teeth online business not being able to source products from China during the volcanic ash cloud in April and May. There has been a decline in private dental demand in recent months but NHS revenue is stable.
Net debt was £1.35m at the end of May 2010.
Second half revenues are normally higher than those in the first half.
At 4.25p a share, 1st Dental is valued at £1.79m.
Download the July edition of AIM Journal at http://www.hubinvest.com/AIMPDFJuly2010_10.pdf
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