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1st Dental Laboratories

  • BY: Andrew Hore |
  • POSTED: 23/01/2008 |

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.

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