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Aukett Fitzroy Robinson

  • BY: Andrew Hore |
  • POSTED: 10/10/2010 |

Aukett Fitzroy Robinson says that it has more than halved its loss in the year to September 2010.

The architect reported a loss of 1.88m in the year to September 2009.

Aukett says that it has also generated 1.5m in cash from operations in the past year.  That means that net cash is 125,000. There is a further 900,000 to come into the company when UK properties are sold.

Aukett indicates that some commercial projects in the UK that had been delayed may start again. There is also a revival of interest in Russia and the Middle East.

At 3.5p a share, Aukett is valued at 5.1m.

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