News blog
Ila Group Ltd
- BY: Andrew Hore |
- POSTED: 15/11/2011 |
Branded products supplier Ila Group Ltd is on course to break even in this financial year.
In the year to June 2011, Ila reported better than expected revenues of £1.76m, up from £501,000 in the previous 12 month period. The underlying loss was £887,000. The cash outflow from operations was £1.36m. Net debt was £285,000 at the end of June 2011.
Most of the growth came from the core security products business, with an initial contribution from the Premium Factory acquisition. There have been additional orders in North America and Germany and the order intake was $2m in the first quarter.
Ila’s latest brand is Scootrix, which covers children’s scooter accessories.
Ila intends to change its name to LiteBulb Group Ltd.
At 1p a share, Ila is valued at £9.68m.
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