News blog

SpaceandPeople

  • BY: Andrew Hore |
  • POSTED: 25/03/2019 |

Retail and promotions group SpaceandPeople fell into loss in 2018, but it recently won a multi-year contract with Hammerson in the UK. 

Net revenues fell from £10m to £7.9m in 2018 and this meant that SpaceandPeople moved into loss, compared with a £1.2m profit in the previous year. The goodwill of the majority-owned Indian operation has been written down by £244,000.

There was a £1.42m cash outflow from operating activities. Net cash fell from £2.66m to £843,000.

There was a sharp fall in profit contribution from the UK promotions business and the German operations were loss-making. The UK retail operations were the only one to make a higher profit.

Adverse weather conditions and the World Cup hampered trading levels. December was also poor. Costs were reduced too late in the day to fully offset the negatives. 

SpaceandPeople has an agreement with MG Malls, which could help it to break in to North America.

A final dividend of 0.5p a share, one-third of the previous year figure, has been announced and the shares go ex-dividend on 4 April. 

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Northern Bear

Roofing and building services provider Northern Bear directors say they will not accept the 72p a share tender offer from Cedarvale Holdings. 

Continue reading... | 21/10/2019

LiDCO Group

Patient monitoring devices supplier LiDCO increased its product revenues by 10% in the year to July 2019. 

Continue reading... | 21/10/2019

Quoted Micro 14 October 2019

Continue reading... | 14/10/2019

Hague and London Oil

Former Aim company Hague and London Oil reported a decline in revenues in the first half of 2019, but it moved from loss to profit, but this was due to a gain on derivative instruments. 

Continue reading... | 13/10/2019

All micro news

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