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Archial Group
- BY: Andrew Hore |
- POSTED: 25/01/2010 |
- COMMENTS: Add yours
Architect Archial Group has improved profitability in the second half of 2009 but it will still report a loss after restructuring charges.
Cost savings are already showing through and there is more to come in 2010.
Revenues will be one-fifth down at £33m. This is better than the architectural sector as a whole. The order book is worth around £34m, with nearly two-thirds due to be generated in 2010.
Archial has opened an office in Abu Dhabi and further offices in Toronto and Vietnam are planned.
Net debt has edged down from £14.3m to £13.8m over the year.
A8.5p a share, up 1p on the day, Archial is valued at £20.2m.
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