1st Dental Laboratories reported higher revenues in a declining market but its figures remain frustratingly poor.
The dental laboratories operator increased its revenues by 5.3% to £5.13m in the six months to May 2009. That is slightly lower than the 5.5% increase mentioned in July’s trading statement. The reported loss increased from £141,000 to £326,000.
1st Dental had predicted that the interim loss was going to be lower. That is because it excluded the £206,000 of costs relating to the investment in the sales force and online business Teeth - where revenues doubled.
Net debt was £1.61m at the end of May 2009, up from £1.43m six months earlier.
The client base is being built up again and this is helping to fill unused capacity. Trading in the first two months of the second half is better than expected.
At 4p a share, 1st Dental is valued at £1.89m.
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