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Instem

  • BY: Andrew Hore |
  • POSTED: 09/01/2014 |

Healthcare development IT supplier Instem says that the delay to the completion of one large potential contract means that the 2013 figures will be lower than expected. 

The delay means that if the contract is secured then the 2014 figures will be better than expected. The 2013 profit should be in line with the previous year’s profit. The underlying profit was £1.2m in 2012, which was a decline from £1.6m in 2011.

At 156.5p a share, up 3.5p, Instem is valued at £18.4m. Net cash was £2m at the end of 2013.

The full year figures will be published on 26 March.

At the end of January, Instem will pay deferred consideration of £200,000 in cash and £250,000 in shares for Logos Technologies.

Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFDecember2013_51.pdf

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