News blog
Imagelinx
- BY: Andrew Hore |
- POSTED: 11/07/2012 |
Packaging graphics services provider Imagelinx says that although trading was strong in the first four months of the year there has been a sharp deterioration in the past two months.
Imagelinx believes that the marked deterioration is probably related to the economic problems in Europe. The decline is spread across nearly all the company’s clients. No recovery is expected before the end of the third quarter.
Cost reduction is helping to offset the effect of the decline in revenues but a modest recovery in revenues will be required to return Imagelinx to profitability.
There was net cash of £300,000 at the end of 2011 and this figure should be maintained at the end of 2012.
House broker finnCap had forecast a small improvement in pre-tax profit from £300,000 in 2011 to £400,000 in 2012. These forecasts are under review.
At 0.33p, down 0.15p, Imagelinx is valued at £940,000.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJune2012_33.pdf
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|