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1st Dental Laboratories

  • BY: Andrew Hore |
  • POSTED: 18/07/2010 |

Cost cutting helped 1st Dental Laboratories move back into profit in the six months to May 2010.

Revenues fell 4% to 4.93m as a loss of 326,000 was turned into a profit of 10,000 - partly thanks to lower interest costs and a property disposal gain of 68,000. The laboratories made an increased contribution.

Revenues were hit by the e-teeth online business not being able to source products from China during the volcanic ash cloud in April and May. There has been a decline in private dental demand in recent months but NHS revenue is stable.

Net debt was 1.35m at the end of May 2010.

Second half revenues are normally higher than those in the first half.

At 4.25p a share, 1st Dental is valued at 1.79m.

Download the July edition of AIM Journal at www.hubinvest.com/AIMPDFJuly2010_10.pdf

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