News blog
Huveaux
- BY: Andrew Hore |
- POSTED: 09/06/2009 |
Huveaux is trading in line with expectations and expects a strong first half according to its AGM statement.
The education and political publisher is concentrating on organic growth. Cost savings in the educational division are beginning to show through. The political publishing operations should benefit from the changes in Westminster.
Trading is weighted towards the second half.
Revenues from ongoing businesses were flat at £27.9m in 2008. A loss of £1.06m was turned into a profit of £505,000.
The shares recovered 0.625p to 9.25p each after the AGM statement, which values Huveaux at £14.1m.
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