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Ila Group Ltd

  • BY: Andrew Hore |
  • POSTED: 10/07/2011 |

Personal security products supplier Ila Group Ltd traded more strongly than expected in the year to June 2011.

Sales are ahead of expectations and its entering new geographic markets. Recent orders from Germany and Austria will contribute in the first half of this financial year.

The integration of Premium Factory has gone well. Premium Factory, which develops promotional goods for consumer goods manufacturers, such as Nestle and Unilever, was acquired in March 2011. The company also has the rights to make products under licence from companies such as Marvel. New customers are approaching the company.

Ila plans to launch its Scootrix range of children’s products before the end of 2011.

Analysts had been expecting a loss of £800,000 in 2010-11 but it is likely to be lower than that and Ila‘s management expects the company to breakeven faster than initially anticipated.

At 1.48p a share, Ila is valued at £12.4m. 

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