News blog
SnackTime
- BY: Andrew Hore |
- POSTED: 20/12/2008 |
Vending machines operator SnackTime made sharply higher profits in the six months to September 2008.
Revenues increased 80% to £3.26m, while adjusted profits jumped from £5,000 to £236,000. The number of vending machines in operation continue to increase.
Customers include Argos, Curry’s, Matalan, Homebase and the Police. The customer base is being widened and machines are being installed in public sector offices and factories. SnackTime has also expanded in Ireland and is considering moving into other European countries. The strength of the Euro makes this expansion even more attractive.
Net debt was £1.18m at the end of September 2008. In November SnackTime raised £420,000 from a share placing at 90p each and a further £600,000 from a convertible loan note issue.
At 95p a share, SnackTime is valued at £7.09m.
© 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 This material may not be published, broadcast, rewritten or redistributed.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
|