News blog
Advanced Power Components
- BY: Andrew Hore |
- POSTED: 16/05/2010 |
- COMMENTS: Add yours
Electronic components distributor Advanced Power Components returned to profit in the six months to February 2010.
A loss of £281,000, exacerbated by exchange losses, was turned into a profit of £42,000. Revenues declined from £6.77m to £6.47m.
Market conditions appear to be stabilising and this augurs well for the coming months. APC has launched its imop energy saving technology, which optimises the performance of motors, and this should start to contribute later this year or at least by the next financial year.
Net debt was £2.45m at the end of February 2010. That is predominantly trade finance. There was a cash inflow from operations but deferred consideration on past acquisitions meant that the net debt figure was slightly higher than at the end of August 2009.
At 9p a share, APC is valued at £2.2m.
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- 2.4mNumber of messages posted on SocialGo networks
- $38mCost savings generated by ideas from WalMart staff over a two month period
- 19.4m
Number of people passing through Johannesburg Airport in 2007
- News Blog
- All micro news
Geong International Ltd
Geong International Ltd says that it considered a Hong Kong listing but it has no intention of moving ahead with this.
1PM
Asset finance provider 1PM has secured £700,000 of additional funding from two separate loans.
African Land
African Land is the latest agricultural business planning to join Aim.
Fiske
Broker Fiske says its second quarter trading was disappointing and it expects markets to continue to be lacklustre.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|