Dental labs operator 1st Dental Laboratories is finally showing the benefits of its acquisition strategy.
Turnover dipped from £12.1m to £11m in the year to September 2007. Profits, though, increased from £232,000 to £381,000. These profits exclude amortisation and exceptionals. These profits were achieved even though there were start up costs for online ordering venture e-teeth.
Cash flow was even more impressive. There was an operating inflow of £1.1m, thanks to reduced debtors. Net debt fell to £1.19m.
New contracts with dental corporates will help to fuel future growth.
The shares rose 2p to 10.5p.
© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.