News blog
Artisan (UK)
- BY: Andrew Hore |
- POSTED: 12/10/2010 |
- COMMENTS: Add yours
Residential and commercial property developer Artisan (UK) reported a sharply lower loss on reduced turnover in the year to June 2010.
Even if exceptional write-downs are excluded, the loss still more than halved from £3.77m to £1.78m. The investment property portfolio made a positive contribution. Revenues fell from £10.9m to £9.4m, which was due to lower commercial property sales.
Trading was tough during the summer months. Improved consumer confidence and mortgage funding is required for further recovery in the property market. The planning system is becoming even more difficult.
At 30p a share, down 5p, Artisan is valued at £4m. The company’s NAV is £13.5m. Net debt is £18.5m, with all the debt lasting until 1 July 2011 – just over one year from balance sheet date.
Artisan warns that it may have to raise cash from a share issue in order to negotiate new facilities. Alternatively, Artisan could raise cash from selling part of the business.
© 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 This material may not be published, broadcast, rewritten or redistributed.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
Sanderson Group
Enterprise software provider Sanderson Group is continuing to benefit from growth in multi-channel retailing.
Resources In Insurance Group
Claims management services provider Resources In Insurance Group has slashed its loss in 2011.
atUK
e-commerce services provider @UK has gained a four year national e-commerce framework agreement for all UK public bodies.
Hydrogen Group
Recruitment firm Hydrogen Group says that net fee income for the first four months of 2012 was higher than the same period last year.
- 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
|