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Asia Ceramics Holdings
- BY: Andrew Hore |
- POSTED: 25/03/2011 |
Ceramic tiles retailer and distributor Asia Ceramics Holdings has reported its maiden results as an Aim company.
Between 6 July and the end of 2010 Asia Ceramics generated sales of £347,000 and made a loss of £223,000.
The company has retail outlets in Foshan, Hong Kong and Guangzhou and it is looking at other sites in Guangzhou, Jiangmen, Dongguan and Huizhou.
Net cash was £334,000 at the end of 2010. That is net of an interest free loan of £500,000 from chief executive Dingxin Pu. The first of five equal quarterly repayments will be in February 2012.
At 75p a share, Asia Ceramics is valued at £7.73m. The flotation price in September was 66p a share.
Download the March edition of AIM Journal at http://www.hubinvest.com/AIMPDFMarch2011_18.pdf
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