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Maxima Holdings

  • BY: Andrew Hore |
  • POSTED: 14/07/2009 |

IT services provider Maxima Holdings says that revenues and operating profit will be in line with expectations in the year to May 2009.

The results will also include intangible asset write-offs and reorganisation costs. This means that there will be an overall loss for the year.

Maxima has added 87 new clients during the year. More than one-half of total revenues are recurring.

Net debt was 15.5m at the end of May 2009. That is 1.8m lower than six months before. Maxima has bank facilities of 18.75m.

Former Netstore chief executive Graham Kingsmill and ex-Netstore finance director David Memory took over those roles at Maxima in April 2009. Kelvin Harrison switched from chief executive to chairman.

At 86.5p a share, down 1p on the day, Maxima is valued at 21.9m.

The full year figures will be released on 4 August 2009. A full review of operations will be announced at the same time. 

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