News blog

Infoserve Group

  • BY: Andrew Hore |
  • POSTED: 23/10/2009 |

Online local search marketing business Infoserve Group is breaking even at the EBITDA level.

There are small cash inflows from trading but the company remains short of cash. This is holding back the growth of the business. Infoserve has tried to raise cash but has not been successful. It is talking with its major shareholder David Hood about the provision of finance that will enable Infoserve to continue to grow. .

Net debt was 3.41m at the end of March 2009. At 8p a share, down 2p on the day, Infoserve is valued at 1.53m.

Revenues grew from 2.59m to 3.06m in the six months to September 2009. Gross profits have increased by two-fifths to 1.11m. Trading in October has been at similar level to September were revenues were 547,000.

The interim figures will be published in December.

© 2020 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 20 January 2020

Continue reading... | 19/01/2020

Northern Bear

Building services provider Northern Bear has acquired electrical contractor J Lister for an initial £950,000 in cash and shares. 

Continue reading... | 19/01/2020

SimiGon Ltd

A shareholder has filed two legal claims against simulation technology company SimiGon Ltd. 

Continue reading... | 19/01/2020

UniVision Engineering Ltd

UniVison Engineering Ltd has signed a framework agreement with the China Railway Engineering (Hong Kong) and China Railway Wuhan Electrification Engineering joint venture. 

Continue reading... | 19/01/2020

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds