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Aukett Fitzroy Robinson
- BY: Andrew Hore |
- POSTED: 20/09/2011 |
- COMMENTS: Add yours
Shares in architect Aukett Fitzroy Robinson have more than doubled on the back of news that it has returned to profit in the second half of the year to September 2011.
At 3.62p a share, up 2p, Aukett is valued at £5.28m. The share price is still barely changed compared with a year ago.
The second half profit is before litigation costs. There will still be a full year operating loss but it will be lower than expected.
Aukett is securing new work for the next 18 to 24 months. It has 24 new projects in the UK and Russia covering 6.8m sq ft of developments. There are 42 projects in the order book and these could generate fees of up to £82m and this will boost the 2011-12 figures.
Download the September 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFSeptember2011_24.pdf
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