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Green Compliance
- BY: Andrew Hore |
- POSTED: 29/03/2012 |
- COMMENTS: Add yours
Water, fire and pest control compliance services provider Green Compliance says the outcome for the year to March 2012 will be in line with expectations.
The company made four additional acquisitions in the past financial year. Existing businesses have gained new contracts and there is a robust bid pipeline with many opportunities at advanced stages of negotiation.
The core markets are fragmented and offer plenty of potential.
Interim revenues grew from £7.3m to £10.4m, helped by acquisitions. The underlying profit rose from £466,000 to £616,000. That excludes amortisation and acquisition and integration costs. Net debt was £5.3m at the end of September 2011 but there were two acquisitions after the period.
At 21.5p a share, Green Compliance is valued at £7.83m.
The full year figures will be published in June.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMarch2012_30.pdf
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