News blog
Clipper Ventures
- BY: Andrew Hore |
- POSTED: 30/11/2008 |
Clipper Ventures says that it does not expect any growth in profits in this financial year.
The Clipper round the world yacht race organiser says that an increased proportion of lower margin crew income compared with sponsorship income means that overall margins fell in the six months to October 2008.
Revenues grew from £2.37m to £3.5m while profits slipped from £313,000 to £205,000. Clipper made profits of £1.14m in the year to April 2008.
Clipper had already decided not to pay a final dividend and it continues to conserve its cash by passing the interim dividend. Clipper has moved from net cash to net debt of £148,000 at the end of October 2008. The cash position should improve in the next six months.
At 7.25p a share, Clipper is valued at £2.83m.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- 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
|