News blog

SDI Group

  • BY: Andrew Hore |
  • POSTED: 01/03/2009 |

SDI Group fell into loss in the year to November 2008.

The systems integrator for materials handling systems for distribution centres increased its turnover on continuing operations from £14.9m to £37.7m. The loss on continuing activities before exceptionals was £285,000, compared with a profit of £2.16m.

The sale of the US and Chile-based subsidiaries for $6.55m happened after the year end. SDI has received $4.475m of the cash part of the payment. There is a further deferred payment of $475,000. These businesses lost £4.5m last year.

Prior to the disposal, net cash was £3.98m and the pro forma figure will be around of £7m. That should be enough to keep the business gong for at least the next year. At 2p a share, SDI is valued at £2.18m.

There is a strong potential pipeline of projects but there is no guarantee that any will see the light of day.

The financial year end is changing to March so the next figures will be for the 16 months to March 2009.

© 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 This material may not be published, broadcast, rewritten or redistributed.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

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds