News blog

International Greetings

  • BY: Andrew Hore |
  • POSTED: 29/07/2009 |

International Greetings reported an increased loss in the year to March 2009 but the underlying business returned to profit.

Shares in International Greetings recovered 6.75p to 31.75p each, which values the gift wrap company at 12.1m.

An operating loss of 4.8m was turned into a profit of 4m in the year to March 2009. After interest charges International Greetings is still making a small loss. Revenues rose by 13% to 217m. Exceptional costs increased from 3.3m to 22.4m.

The core UK business has been restructured and the company is trying to reduce its dependence on Christmas. 

Net debt increased from 64.8m to 68.5m by the end of March 2009. The banks continue to support the company. 

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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 Subscribe to AIM Micro RSS Feeds