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Cheerful Scout

  • BY: Andrew Hore |
  • POSTED: 17/03/2011 |

Post production and events company Cheerful Scout says that the loss of a telecoms commission means that it will report lower than expected results for the year to June 2011.

Cheerful Scout has had to cope with cuts to public spending and it was anticipating a rise in gross margins in the second half.

Revenues grew from 737,000 to 986,000 in the six months to December 2010 but the reported loss jumped from 22,000 to 85,000. Net cash was 682,000.

At 8.88p a share, Cheerful Scout is valued at 700,000. Net tangible assets were 859,000 at the end of 2010.

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