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Atlantic Global
- BY: Andrew Hore |
- POSTED: 08/04/2008 |
- COMMENTS: Add yours
Atlantic Global swung back into profit in 2007.
The employee software company turned a £51,000 loss into a profit of £286,000. This was through a combination of better gross margins and lower overheads.
Net cash fell slightly to £1.55m at the end of 2007, but since then it has increased to £2.01m.
Atlantic is still looking at potential acquisitions but the current share price makes financing a larger deal more difficult. The shares rose 0.5p to 14p following the figures. That values the company at £3.1m.
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