News blog
Astek Group
- BY: Andrew Hore |
- POSTED: 12/08/2009 |
Dental products supplier Astek Group reduced its loss in the year to March 2009 but it has moved into a net debt position.
Revenues increased 25% to £1.37m, with the pre-tax loss reducing from £553,000 to £155,000. The strength of the dollar hit the figures because the products are sourced in dollars from the Far East.
Net debt was £141,000 at the end of March 2009. The figure would have been worse without a tax rebate. Astek needs to stem the cash outflow.
The shares fell 0.05p to 0.75p each, which values Astek at £530,000.
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