News blog
Bglobal
- BY: Andrew Hore |
- POSTED: 18/12/2007 |
- COMMENTS: Add yours
Delayed government decisions about how to tackle the installation of smart metering have delayed Bglobal’s move into profit.
Revenues more than trebled to £2.15m in the six months to September 2007 but the loss increased from £934,000 to £1.6m as the company geared up for greater volumes than it achieved.
Bglobal needs to install 4,000 meters a month in order to move into profit. In September it installed 1,353. There are 12,500 meters in stock with another 12,000 being delivered early in 2008. Management does expect volumes to increase because of new contracts with Bizz Energy, Spirit Group, Ladbrokes and Northumbrian Water but the real increase in volumes will come when the government sorts out what its policy is going to be. Hopefully, a decision will be announced early in 2008 but there may be more consultation to come after that.
Six months ago Charles Stanley forecast full year revenues of £14m but because of the delays by the government that has been cut to £5.4m. That would lead to a full year loss of around £2.5m. Management believes that Bglobal could be profitable on a monthly basis by the end of the period.
The shares rose 0.5p to 34.5p.
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- $10bnForecast size of the coronary market by 2010
- 1200Number of clinics registered to provide laser treatment in the UK
- News Blog
- All micro news
Northern Bear
Northern Bear more than doubled its interim profits.
SnackTime
Vending machines operator SnackTime is raising just over £1m to finance its expansion.
Cambridge Mineral Resources
Cambridge Mineral Resources has started gold production at its Quintana Gold Mine in Colombia.
Servoca
Servoca’s cost cutting programme will result in the company making a loss in the year to September 2008.
- 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
Rule 26 website solutions
Call Tinderhouse on +44(0)1227 277832 to help bring your website into line with new AIM rules.
Tinderhouse provides comprehensive investor relations (IR) website solutions that provide all the tools and features needed to satisfy today's regulatory requirements.
|Copyright 2007. This site is published and managed by Tinderhouse Publishing.
All rights reserved.